Mutiny hits high grades at Deflector

THE DRILL SERGEANT: Gold-copper company, Mutiny Gold has hit some impressive gold intersections while drilling at the West Lode of its Deflector gold deposit.

The deflector deposit is part of the company’s Gullewa project located in the South Murchison region of Western Australia.

The latest results are from a recently completed diamond drilling program carried out on the Deflector deposit extensions.

Mutiny will be incorporating the results into a revised resource estimation, which it expects to release soon.
A diamond drill program of 30 holes was carried out to enable the upgrade of the resources within the proposed area of initial underground mining at Deflector.

Notable intersections include:

–    3.6 metres at 153 grams per tonne gold and 13.3 per cent copper from 145m;

–    12m at 3.4g/t gold and greater than 0.1% copper from 262m;
–    3m at 47.6g/t gold and 1.5% copper from 249m;

–    4m at 17.4g/t gold and 1.2% copper from 300m;

–    3m at 22.8g/t gold and 1.2% copper from 282m;
–    3m at 18.1g/t gold and 0.3% copper from 292m;
–    3m at 18.8g/t gold and 0.8% copper u from 316m;

–    6m at 20.9g/t gold and 0.3% copper from 255m; and

–    4m at 6.2g/t gold and 0.5% copper from 308m.

The company said it had achieved multiple intersections within some holes, due to there being a number of parallel lodes present at depth within the deposit.

Mutiny indicated the intersection of 3m at 153g/t gold and 3.3% copper to be of particular significance with this particular hole implying high-grade gold- copper mineralisation is open below 130m vertical depth.

Other high-grade intersections the company achieved at vertical depths of around 215m to 270m has it considering significant mineralisation persists at depth.

The intersection of 6m at 20.9g/t gold was from a hole drilled 600m to the south of the one mentioned above.

The company is confident it indicates the length of the deposit within which high-grade mineralisation can be expected to be present at depth.

Mutiny Gold plans to commence production with an open pit mining operation at the Deflector deposit, followed by underground mining after two years.

The currently known Deflector gold-copper deposit contains Mineral Resources of 3.4 million tonnes at 5.4g/t gold, 4.7g/t silver and 0.8% Copper for 590,000 ounces of gold, 510,000 ounces of silver and 25,500 tonnes of copper.

Measured and Indicated Resources total 1.5Mt at 4.8g/t gold, 6.4g/t silver and 1.1% copper for 235,000oz of gold, 310,000oz silver and 16,500t of copper.