Encounter Resources and Newcrest Drilling at Tanami JV
THE DRILL SERGEANT: Encounter Resources (ASX: ENR) announced the completion of the first phase of RC drilling at Hutch’s Find in the Tanami region of Western Australia that is held in Joint Venture with Newcrest Mining (ASX: NCM).
Encounter Resources reported that a total of 17 RC drill holes for 4,930 metres of drilling was completed at Hutch’s Find with assay results expected in November 2019.
Newcrest is sole funding exploration activities across a series of JVs with Encounter in the Tanami and West Arunta regions of WA.
Three of these JVs (Watts, Selby and Lewis) cover over 100 kilometres of strike along the major Trans-Tanami Structure structural corridor that extends through the Tanami region.
Watts contains Hutch’s Find while Selby, where drilling is now underway, includes a number of regional scale geochemical anomalies defined in shallow drilling, discrete geophysical targets and historical high-grade gold intersections in limited deeper drilling.
Current high priority prospects at Selby include the Afghan, Mojave and Camel prospects.
The Newcrest-funded drilling program has now moved to the Afghan prospect targeting a series of dolerite units along an interpreted thrusted margin between the Stubbins Formation (equivalent unit to the host of the plus-14 million-ounce Callie gold deposit and the Killi Killi Formation.
Previous drilling at Afghan has outlined a broad near surface gold anomaly that extends over four kilometres of strike.
Exploration at Afghan is targeting down dip and plunge extensions of known mineralisation along the interpreted thrust position.
“The Newcrest operated RC drill program in the Tanami has started well with the first phase of drilling successfully completed at Hutch’s Find,” Encounter Resources managing director Will Robinson said in the company’s announcement to the Australian Securities Exchange.
“The rig has now moved to the Afghan prospect to complete a planned 12-hole program of 300 metre deep RC holes.
“The program is targeting down dip and plunge extensions of known mineralisation within a broad anomalous gold halo defined in previous shallow drilling.”
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