Carawine Resources Hits Highest Grade to Date at Hercules

THE DRILL SERGEANT: Carawine Resources (ASX: CWX) released the latest assay results from an ongoing drilling program at the Hercules prospect, part of the company’s Tropicana north project in the north-eastern goldfields of Western Australia.

Carawine Resources reported the assays had returned the highest gold grade and one of the best intervals from drilling at the prospect to date, including:

TNDD014
4 metres at 40.1 grams per tonne gold from 239m, including 1m at 137g/t gold from 239m; and

TNDD013
1m at 23.9g/t gold from 192m.

Hercules is described by Carawine as an advanced gold prospect held by the company’s Thunderstruck Joint Venture (Carawine 90% interest) within the Tropicana North project.

Gold mineralisation at Hercules is hosted by multiple parallel veins and shears within a wide, steeply dipping mineralised zone striking northeast.

To date, mineralisation has been reported along a 340m strike length, extending from 35m to 250m below surface, and remains open.

“Hercules has delivered, with today’s results including the highest gold grade returned from the prospect to date and increasing the size of the high-grade gold zone, which remains open to the north, south and at depth,” Carawine Resources managing director David Boyd said in the company’s ASX announcement.

“This supports our belief that Hercules is a significant gold discovery.

“We will continue to target extensions to the main zone of high-grade mineralisation at Hercules, with assay results pending from three recently completed holes, and at least five more holes planned in the current program.

“We look forward to sharing the results of this drilling over coming months, along with results from recently completed drilling at the nearby Big Freeze and Beanie prospects, and the planned commencement of regional drilling programs across the Tropicana North project.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@carawine.com.au

Web: www.carawine.com.au