Carawine Resources Strengthens Hercules Gold Deposit

THE DRILL SERGEANT: Carawine Resources (ASX: CWX) released news from the company’s Tropicana North project, located in the north-eastern goldfields of Western Australia.

Carawine Resources informed the market of assay results from the Hercules prospect, with the last drill hole from the recent program returning the highest grades to date.

Hercules is an advanced gold prospect within Carawine’s Thunderstruck Joint Venture (Carawine 90%), which forms part of the Tropicana North project.

The lastest results include:

A combined interval of 18 metres at 11.3 grams per tonne gold from 136m across two lodes, including:

6m at 26.6g/t gold from 136m, including 4m at 39.7g/t gold from 138m; and

4m at 10.4g/t gold from 150m, including 1m at 40.1g/t gold from 153m.

Carawine said the multiple lodes reported from this drill hole further increase the potential for Hercules to develop into a major new gold deposit.

“Our last set of results from Hercules were very exciting, so to have the last hole from our maiden drilling program at the prospect return the best results from the prospect to date is fantastic,” Carawine Resources managing director David Boyd said in the company’s ASX announcement.

“We have also repeated the new multiple high-grade lode system announced last week, indicating the potential for this wider ‘blow-out’ zone to extend throughout the prospect.

“We are planning a follow-up drilling program to test for extensions to the mineralisation, which remains open, with the potential to increase the strike length with depth.”