Carrick Gold encouraged by recent drilling
THE DRILL SERGEANT: Western Australia-focused gold explorer Carrick Gold has released the first results from drilling being undertaken at the company’s Brilliant deposit at the Kurnalpi project located 90 kilometres from Kalgoorlie.
The Kurnalpi project comprises six deposits: Brilliant, Sparkle, Tinsel, Dazzle Discovery Hill and Half Way Hill.
Brilliant is the largest of the six deposits at the Kurnalpi project, and is the focus of the first round of drilling, comprising around 12,000 metres.
The current drilling builds on the total of 157,000m of drilling that Carrick has previously conducted at Kurnalpi over the 2.5 kilometres mineralised strike.
Carrick commenced drilling on the southern end of known mineralisation in June and will systematically progress northward.
Highlights from the first drilling traverse include:
– 8 metres at 2.68 grams per tonne gold, including 1m at 9.03g/t gold and 1m at 5.49g/t gold; and
– 15m at 1.5g/t gold, including 1m at 5.92g/t gold.
With the drill rig being on site Carrick has also been able to collect downhole survey results from previous drilling to assists it in validating an upcoming Resource estimate.
“These early results are what we expected,” Carrick Gold chief executive officer John McKinstry said in the company’s announcement to the Australian Securities Exchange.
“They confirm the existing interpretations, and further increase our confidence in the potential of the Brilliant deposit.
“Rather than drilling for results, we chose to start at one end and systematically drill the orebody.
“There will be a steady flow of results from the drilling, which will build the confidence level of the Resources for the upcoming Reserve estimates.”
Carrick has committed to delivering a revised Mineral Resource estimate for the Brilliant deposit by August.
Resources for three other deposits at Kurnalpi have been assigned lower priority as the company’s focus shifts to the Lindsays deposit.
Carrick expects revised estimates for Lindsays by mid-September and for Kalpini in early October.