Crest drilling to refine Majestic North targets
THE DRILL SERGEANT: Gold exploration company, Crest Minerals (ASX: CTT) has commenced a comprehensive infill and extension drilling program at the company’s Majestic North project in the Eastern Goldfields of Western Australia.
The 110 hole program is a follow-up to Crest’s maiden Aircore (AC) drilling program in July, which demonstrated wide-spread gold anomalism.
Gold contours for maximum down hole grade. Source: Company announcement
Crest considers Majestic North to have potential to be a large gold system.
The project is situated in the Mt Monger region of Western Australia, which already hosts numerous gold discoveries and is located only 50km east of Kalgoorlie.
“The drilling program currently underway is focused entirely on following up on the impressive anomalous gold results we received from our inaugural Aircore drilling in July,” Crest Minerals managing director Angus Middleton said in the company’s announcement to the Australian Securities Exchange.
“The focus is on the distinct corridors of gold mineralisation in the central part of the lease, where the best gold results from previous bottom-of-hole samples were obtained within favourable Granitic contact zones around the ‘trouser leg’ area of the project, that include granodiorite and porphyry intersections.”
The company indicated the current AC drill program is aimed to more tightly constrain the gold results.
It also hopes to upgrade the gold results by infilling to 200m by 40m spacing, including some 100m by 40m zones along the North South Zone where its confidence is high of doing so.
“This tighter AC drilling will allow for more accurate targeting of RC drilling into the basement rocks that is due to commence early December,” Middleton said.
“Additionally, surface auger results, ground magnetic and aerial magnetic interpretations will be combined to assist in finalising a thorough RC program, proposed to commence in early December.”
Crest plans to drill about 50 holes in the central and “trouser leg” areas around the identified granitic zone, with a further 25 holes to be drilled around the central west zone, which sits adjacent a coarse grained Feldspar Porphyry.
The southern end of the supergene blanket in the south west of the tenement will be infilled with 10 holes via a 200m by 40m spacing.
A 17-hole exploration traverse – using 80m spaced holes – is planned across the southern end of the tenement area, to follow up on mineralisation 200m to the north.
The original Western supergene zone will be infilled further and extended to the north in an AC drill program planned for February, once approval has been received from the Western Australian Government’s Department of Indigenous Affairs.
“We are delighted that Majestic North is demonstrating significant potential for a gold discovery,” Middleton said.