Naracoota takes Hill 680

THE DRILL SERGEANT: Naracoota Resources has received high-grade gold results from a recent diamond and RC drilling program carried out at the company’s 100 per cent-owned (gold rights only) Hill 680 prospect 125 kilometres north of Meekatharra.

The Hill 680 prospect is located on the Horseshoe Range approximately 25km south-east of the Fortnum Gold plant and mine and two kilometres west of the Cassidy Pit.

Location map. Source: Company announcement

Both of these are in the process of being acquired by ASX-listed company Resource and Investment.

The company has now received assay results for five of the eight holes drilled and expects results from the remaining three holes in the coming weeks.

Latest drilling results include:

5 metres at 10.58 grams per tonne gold, including 1 metre at 46.4 grams per tonne gold;

2m at 8.98g/t gold; and

2m at 5.21g/t gold.

“These results confirm historic gold mineralisation reported from limited RC drilling conducted in the late 1980’s at Hill 680 by Barrack Exploration, and importantly expand upon the known mineralisation in this area,” Naracoota Resources said in its ASX announcement.

“This gold mineralisation is open along strike and at depth.”