Carpentaria Exploration increases Advene potential
THE DRILL SERGEANT: Carpentaria Exploration (ASX: CAP) has received results from a recently-completed geochemical soil survey covering the greater Josephine Moulder (JM) prospect area at the company’s 100 per cent-owned Advene project northwest of Wagga Wagga in central New South Wales.
Carpentaria claims to have identified a new gold anomaly at the western edge of the survey area that includes high levels of gold in soil concentrations.
The company also claimed it to be the largest discrete soil anomaly it has seen at the project so far.
Josephine Moulder prospect area gold in soil results. Source: Company announcement
The new zone, just west of the JM main lode, returned a high peak of 1.5 grams per tonne gold and 2.5g/t silver within a 650m by 60m grid.
A further 50ppb anomaly was also identified open to the north and west. The best results cover a width of 150m.
Carpentaria said it was encouraged by the results saying they suggest mineralisation outside the known workings has the potential to be the most significant in the area, boosting the potential and prospectivity of the project.
The company will commence a power auger infill and extension sampling program this week to fully assess the anomaly with full results expected within two to three months.
“Exploration continues to return very encouraging results from Advene, increasing the gold footprint at each stage in this largely unexplored project area,” Carpentaria Resources managing director Quentin Hill said in the company’s announcement to the Australian Securities Exchange.
“The significance of the high grade results in the new zone can’t be fully determined until follow up work is completed.
“When that phase of sampling is complete we hope to have a coherent picture of where the best gold potential is in the greater JM area, including to the immediate north and west.
“This will inform the design of a follow up deeper drilling program”
The soil sampling was completed on a nominal 100m by 20m grid over the known
JM and JM East lodes and their along strike extensions.
The survey was also designed to test for additional parallel lode structures to the east and west of known mineralisation.
Gold in soil anomalism was also returned over the known JM main lode structure and JM east lode.
At JM main lode a 250m by 40m, plus 50ppb gold anomaly was defined with a maximum of 350ppb gold confirming earlier rock chip data.
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