Crusader Resources granted Brazil mining licence

THE DRILL SERGEANT: Crusader Resources (ASX: CAS) has been granted a Trial Mining Licence for the Querosene prospect, part of the company’s 100 per cent-owned Juruena gold project in central Brazil.

The company’s immediate focus at the Juruena gold project, located in a recognised mining district, the Juruena Alta Floresta gold belt, is on a cluster of targets all located within a district-sized, high-grade soil anomaly approximately eight kilometres long by four kilometres wide.

“Obtaining the licence for Querosene is an essential part of the process and demonstrates our team has a strong relationship with the Department of Mines,” Crusader Resources managing director Rob Smakman said in the company’s announcement to the Australian Securities Exchange.

“We will continue to work through the process and look forward to updating shareholders with additional milestones.”

The company also received additional high-grade gold results from resource-infill and expansion drilling program at the Dona Maria prospect.

Crusader completed a total of 14 holes at Dona Maria in its 2016 campaign.

Results include:

MD-12
8.25 metres at 23.71 grams per tonne gold in hole from 86.75m, including:
1m at 38.84g/t gold from 90m;
0.5m at 13.97g/t gold from 93m;
0.75m at 37.5g/t gold from 93.5m; and
0.75m @ 142.67 g/t Au from 94.25m

1.5m at 76.69g/t gold from 78m, including 1m at 106.51g/t gold from 78m;

MD-13
0.5m at 17.05g/t gold from 79m;
3m at 1.77g/t gold from 95m.

“Dona Maria continues to impress, returning great results from both north and south of the exciting central zone potentially extending it,” Smakman continued.

“The latest results, from MD-12 especially, provide further evidence of potential extension to the north of the central zone and should bode well for the updated mineral resource estimate expected in the current quarter.”

Website: www.crusaderresources.com