Mutiny encounters success at Mary Celeste

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THE DRILL SERGEANT: Mutiny Gold (ASX: MYG) has completed a six-week drilling program at the Mary Celeste prospect, which is part of the company’s 100 per cent-owned Gullewa project in Western Australia.

The drilling encountered new mineralisation located approximately 750 metres to the south of the existing 591,000 ounces gold, 27,000 tonnes copper, and 628,000 ounces silver Deflector mineral resource.

 

Plan view of the Mary Celeste location in relation to the Deflector
Mineral Resource and other nearby prospects. Source: Company
announcement

Mutiny carried out near surface RC drilling to validate Sub Audio Magnetics (SAM) defined target structures and test if the structures are mineralised.

The structures defined by the recent drilling are within 10m of the SAM defined conductors.

Mutiny drilled 15 holes at Mary Celeste across parallel SAM structures in 4 sections.

Highlights of the drilling included the discovery of gold/copper mineralisation of:

2 metres at 1.23 grams per tonne gold and 295ppm copper from 39m;

3m at 0.11g/t gold and 868ppm copper from 63m (to End Of Hole); and

Near surface gold mineralisation at Deflector South including:

1m at 1.29g/t gold from 35m.

Mutiny said the results indicate further SAM surveying is required at Mary Celeste, which will form part of the follow up work associated with this discovery.

“Mary Celeste was identified by SAM survey in 2013 as a potential exploration target and preliminary drilling has shown that the SAM defined structures have been supported by follow up drilling and initial near surface mineralisation is associated with the structure,” Mutiny Gold managing director Tony James said in the company’s announcement to the Australian Securities Exchange.

“This success has significant importance to the company’s ongoing exploration strategy at Gullewa and will play a significant part in our current exploration review of the many targets associated with the Gullewa project.

“This work has also confirmed that the pipeline of potential at Gullewa goes well beyond Deflector.”

Email: mgl@mutinygold.com.au

Website: www.mutinygold.com.au