Encounter Resources Drilling at Nazare Gold Project
THE DRILL SERGEANT: Encounter Resources (ASX: ENR) has commenced aircore drilling to test a geochemical anomaly at the company’s Nazare gold project in the Laverton Tectonic Zone in Western Australia, approximately, 150 kilometres east-north-east of Kalgoorlie.
The Laverton Tectonic Zone is one of Australia’s most productive and prospective gold regions that hosts major gold mines at Laverton, Granny Smith, Wallaby and Sunrise Dam.
Encounter Resources has focused its targeting and project generation activities on extensions of this corridor under shallow cover.
Encounter initially acquired a 98 square kilometre Exploration Licence E28/2709 at Nazare targeting the intersection of an interpreted structure extending south-east from the Apollo Consolidated (ASX: AOP) Bombora gold discovery within the interpreted southern extension of the well-mineralised Laverton Tectonic Zone.
The company chose Nazare for an initial trial of an innovative new CSIRO-developed geochemical sampling technique, UltraFine+, a potential breakthrough geochemical sampling technique in areas of thin cover.
The application of Ultrafine+ at Nazare defined a high-quality gold anomaly in an area where traditional geochemistry was ineffective.
This coherent gold anomaly is coincident with major structural intersection at Nazare.
“This initial aircore program at Nazare is the first application of the new CSIRO Ultrafine+ geochemical sampling technique,” Encounter Resources managing director Will Robinson said in the company’s announcement to the Australian Securities Exchange.
“It has generated a high-quality, coherent gold anomaly in an area where traditional geochemistry was ineffective.
“If this potential breakthrough geochemical technique is successful at Nazare, it would have very significant regional implications.
“Accordingly, Encounter has secured approximately 1,000 square kilometres of tenure in the area and Ultrafine+ will be applied regionally if our current aircore drilling successfully intersects sub surface gold mineralisation.”
Encounter is now reviewing this additional ground for additional structural targets where the UltraFine+ technique can be deployed.
An initial 20-hole aircore drill test of the geochemical anomaly generated at Nazare has commenced and assay results are likely to be available in late March 2019.
Email: contact@enrl.com.au
Website: www.enrl.com.au