Sirius Resources encounters supergene Polar Bear

THE DRILL SERGEANT: Sirius Resources (ASX: SIR) has completed reconnaissance drilling it claims to have identified two new zones of gold anomalism at the first gold targets tested on the company’s 100 per cent-owned Polar Bear project.

Sirius said reconnaissance aircore drilling has defined two broad supergene gold anomalies in addition to those it reported to the ASX in February.

The first anomaly extends over 400 metres and has individual 4 metre samples grading up to 7.2 grams per tonne within a supergene blanket.

 

Plan projection of Polar Bear tenements, aircore drillhole locations and current targets. Source: Company announcement

 

The second anomaly is more extensive with a strike extent of approximately 1000m and a width of approx. 500m.

Individual 4m samples grade up to 3.64 g/t.

Intersections from this broad spaced reconnaissance drilling include:

–    8 metres at 3.96g/t gold from 36 metres, including 4 metres at 7.62g/t gold from 40 metres;

–    19m at 0.87g/t gold from 44m, including 4m at 3.64g/t gold from 44m;

–    15m at 0.99g/t gold from 40m, including 4m at 2.66g/t gold from 44m;

–    16m at 1g/t gold from 44m, including 8m at 1.73g/t gold from 48m; and

–    16m at 0.97g/t gold from 44m, including 8m at 2.07g/t gold from 48m.

“This is only the second of several stages of reconnaissance drilling planned to test a number of targets within the Polar Bear project area, which is surrounded by the Norseman, St Ives and Higginsville gold camps that collectively host approximately 25 million ounces of gold,” Sirius Resources said in its ASX announcement.

“These targets are located in a very under-explored area beneath the salt lake of Lake Cowan.”

Sirius said it was encouraged to identify further mineralised zones with high concentrations of gold over such broad areas at this early stage of the program.

Infill drilling, together with first pass drilling of the other untested targets is scheduled to commence in late August.