Encounter Resources hits broad gold zone at Telfer West
THE DRILL SERGEANT: Encounter Resources (ASX: ENR) has completed the first diamond drill hole at the Egg prospect, part of the company’s Telfer West project in Western Australia.
Encounter Resources said the drill hole has confirmed the presence of a broad, steep dipping zone of stockwork style gold mineralisation within a strongly silicified massive quartzite unit, adding the stockwork zone contains multiple quartz veins containing pyrite and sporadic arsenopyrite over a downhole length of 90 metres.
The company explained that the eastern margin of the stockwork system was selected for priority analysis with a 20m section of the stockwork containing the highest concentration of sulphide over a four metre interval within a broad zone of fractured and silicified quartzite.
Assay results from this zone have been received and have established the presence of high-grade primary gold at Telfer West as well as strong gold anomalism throughout the stockwork zone.
“This first hole at the Egg prospect has confirmed a significant, depth extensive stockwork system that is highly anomalous in gold,” Encounter Resources said in its ASX announcement.
“The hole also confirms the system has the potential to contain zones of higher grade gold within the primary sulphide zone.
“The next phase of exploration at the Egg prospect is to drill test the near surface position of the stockwork corridor on the existing drill section at Egg and to test along the corridor to the northwest and southeast.
“The stockwork corridor is interpreted to follow the trend of the silicified quartzite ridge and then continue undercover to the northwest along a distinct zone of magnetic anomalism.
“This corridor is essentially untested along strike from the Egg prospect drill section with only three other shallow diamond holes drilled on this eight kilometre long trend.”
Encounter Resources has also completed an orientation surface IP program at the Egg prospect, which is currently being assessed to determine if IP can successfully map the stronger zones of sulphide mineralisation along the length of the stockwork corridor.
The company anticipates assay results from the remainder of ETG0002 to be received in three to four weeks.
Results from ETG0003 (currently in progress), located 4km north-west of ETG0002, are expected in January 2017.
Following receipt of assay results from this initial program and interpretation of the orientation IP survey, Encounter indicated it will determine the optimal path forward to define the full potential at Telfer West.
Website: www.enrl.com.au