Pacrim drills into Kelly prospect

THE DRILL SERGEANT: Pacrim Energy has received results from a recently completed program of RC drilling on the Kelly prospect located within its 100 per cent-owned Redcliffe gold project near Leonora in Western Australia.

The program was carried out to infill and extend zones of gold mineralisation the company had previously identified to a vertical depth of approximately 100 metres.

A total of fifteen RC holes were drilled for 1,614 metres on four sections to the north of where earlier drilling had taken place at Kelly.

Pacrim said the latest results from its current program had extended the size of the mineralised system with a number of broad gold intercepts.

Assays returned from five metre composite samples confirmed broad zones of mineralisation of up to:

85 metres at 0.78 grams per tonne gold, containing higher grade intercepts within, including 10 metres at 4.78 grams per tonne gold.

Other gold intercepts received from this program to date include:

–    85m at 0.62 g/t gold, including 5m at 2.78 g/t gold;

–    85m at 0.78 g/t gold, including 5m at 3.13 g/t gold and 5m at 2.24 g/t gold;

–    79m at 0.75 g/t gold, including 10m at 2.42 g/t gold;

–    60m at 1.19 g/t gold, including 10m at 4.78 g/t gold;

–    35m at 0.81 g/t gold, including 5m at 4.34 g/t gold; and

–    35m at 0.51 g/t including 5m at 2.64 g/t gold.

“The results from this program importantly provide further support of an extensive zone of gold mineralisation with the potential to provide a substantial feed source for a regional processing facility or heap leach operation that could be proceed independently or in conjunction with the exploitation of the higher grade Golden Terrace South resource,” Pacrim Energy said in its ASX announcement.

“Single metre sampling of the mineralised zones is to be undertaken.

“The company is confident of building on the existing gold resource base on the Redcliffe project.”

Pacrim has identified the Kelly prospect to be a large gold mineralised system.

RC drilling has been carried out at the prospect over a strike length of one kilometre and AirCore drilling to the south has extended the mineralised zone a further kilometre.

Higher grade gold intervals from previous RC drilling at Kelly included:

–    10m at 4.91g/t gold, 2m at 11.1g/t gold, 4m at 16.2g/t gold, 9m at 2.84g/t gold, and 6m at 2.77g/t gold.

The company said it considers these intercepts represent potential higher grade gold zones which are open to the north.

“Kelly represents a large exploration target with potential to deliver significant (multi million) tonnages of mineralised material,” the company said.

“The size and extent of mineralisation is still being assessed by the company to further build the geological model, in to working to add to the existing Redcliffe project resource base.”