THE DRILL SERGEANT: Carawine Resources (ASX: CWX) announced new results from recent drilling at the Hill 800 gold-copper prospect within the company’s 100 per cent-owned Jamieson project in northeast Victoria.
Carawine Resources conducted drill hole H8DD022, targeting the down-dip and southern strike extent of Hill 800 mineralisation, which extend mineralisation at depth, with increased gold grades.
Assays from H8DD022 returned:
67 metres at 2.94 grams per tonne gold, 0.1 per cent copper from 231m (cut to geological boundaries), including 48m at 0.89g/t gold, 0.1 per cent copper from 231m (0.3g/t Au cut-off); and
11m at 13.9g/t gold, 0.2 per cent copper from 287m (0.3g/t gold cut-off), including 2m at 74.8g/t gold, 0.4 per cent copper from 290m (1g/t Au cut-off).
“Hill 800 remains open to the south, and at depth, with these latest results establishing a zone of extremely high gold grades within a broad, lower grade gold-copper mineralised system,” Carawine Resources managing director David Boyd said in the company’s announcement to the Australian Securities Exchange.
“We will now commence further technical studies including petrology, multi-element geochemistry and three-dimensional modelling to evaluate the next steps for Hill 800, which may include additional extensional drilling and/or deeper drilling to search for its interpreted porphyry source.
“Drill hole H8DD023 tested the first of several magnetic anomaly porphyry targets in the Hill 800 region, with the results giving us confidence that we are on the right track in our search for a copper-gold porphyry system at Jamieson.
“The results from this hole and those from drill hole H8DD021, which also returned similar porphyry-related signatures, will be further examined and factored into our planning for the resumption of exploration activities at Jamieson later this year.
“The company will now focus on advancing exploration at its Paterson and Fraser Range projects in Western Australia, where our Joint Venture partners have indicated drilling and geophysical programs are planned to commence later this quarter.
“Carawine will also advance its 100 per cent-held tenements in the Fraser Range and Paterson provinces, with target generation activities already in progress.”