Carawine Resources Extends Hill 800 Mineralisation

THE DRILL SERGEANT: Carawine Resources (ASX: CWX) announced a further assay interval from diamond drilling at Hill 800, an advanced gold prospect within the company’s 100 per cent-owned Jamieson project, located in northeast Victoria.

Carawine released the assay result, which was achieved by the last hole drilled in its current program, targeting up-dip extents of the previously drilled 650 Zone and Stringer Zone mineralisation.

Hole H8DD019 returned an interval of:

101 metres at 1.44 grams per tonne gold from 21m (0.3g/t Au cut-off), including 12m at 4.32g/t gold from 83m (1g/t Au cut-off).

The company indicated the results from diamond drill hole H8DD019 have enabled it to develop a new interpretation of the Hill 800 mineralisation, linking the 740 Zone with the 650 Zone and combining with the Stringer Zone into a single mineralised zone (the Main Zone).

This newly defined Main Zone has a northeast strike, and a dip that rotates from steep in the south to moderate in the north.

Of note, the Main Zone is increasing in strike, width and grade with depth where it remains open.

The company described the results from this latest hole as the “missing link” in modelling the Hill 800 mineralisation, with potential now to extend the deposit at depth.

“This latest drill hole establishes a single continuous, wide and high-grade mineralised zone which extends from surface to at least 150 metres below surface, with evidence that mineralisation continues a further 200 metres downdip and remains open,” Carawine Resources managing director David Boyd said in the company’s announcement to the Australian Securities Exchange.

“This provides an excellent opportunity for future drilling to add to the already significant mineralised body at Hill 800.

“The next drilling program at Hill 800 targeting the down-plunge extents of the newly defined Main Zone is expected to commence later this year, following our current exploration program at the Paterson project in Western Australia.

“Our exploration team has recently been in the field at Jamieson, following up surface gold anomalism in the areas immediately around Hill 800 to generate additional near-surface targets.

“Targets generated from this work will be ranked for future drill testing with existing prospects at Rhyolite Creek, Hill 700 and Mt Sunday Road.

“We can also provide an update for our Paterson project where we recently announced a major geophysical program at our Baton and Red Dog tenements.

“The aeromagnetic survey at Baton is in progress and is approximately 60 per cent complete.

“Commencement of the helicopter borne VTEM Max electromagnetic survey at Red Dog has been brought forward to start early in June.

“Results from these programs are expected to be available from June onwards.”