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Carawine Resources Hits Big Gold Numbers at Hill 800

THE DRILL SERGEANT: Carawine Resources (ASX: CWX) announced new results from recent drilling at the Hill 800 gold-copper prospect within the company’s 100 per cent-owned Jamieson project in northeast Victoria.

Carawine Resources conducted drill hole H8DD022, targeting the down-dip and southern strike extent of Hill 800 mineralisation, which extend mineralisation at depth, with increased gold grades.

Assays from H8DD022 returned:

67 metres at 2.94 grams per tonne gold, 0.1 per cent copper from 231m (cut to geological boundaries), including 48m at 0.89g/t gold, 0.1 per cent copper from 231m (0.3g/t Au cut-off); and

11m at 13.9g/t gold, 0.2 per cent copper from 287m (0.3g/t gold cut-off), including 2m at 74.8g/t gold, 0.4 per cent copper from 290m (1g/t Au cut-off).

“Hill 800 remains open to the south, and at depth, with these latest results establishing a zone of extremely high gold grades within a broad, lower grade gold-copper mineralised system,” Carawine Resources managing director David Boyd said in the company’s announcement to the Australian Securities Exchange.

“We will now commence further technical studies including petrology, multi-element geochemistry and three-dimensional modelling to evaluate the next steps for Hill 800, which may include additional extensional drilling and/or deeper drilling to search for its interpreted porphyry source.

“Drill hole H8DD023 tested the first of several magnetic anomaly porphyry targets in the Hill 800 region, with the results giving us confidence that we are on the right track in our search for a copper-gold porphyry system at Jamieson.

“The results from this hole and those from drill hole H8DD021, which also returned similar porphyry-related signatures, will be further examined and factored into our planning for the resumption of exploration activities at Jamieson later this year.

“The company will now focus on advancing exploration at its Paterson and Fraser Range projects in Western Australia, where our Joint Venture partners have indicated drilling and geophysical programs are planned to commence later this quarter.

“Carawine will also advance its 100 per cent-held tenements in the Fraser Range and Paterson provinces, with target generation activities already in progress.”

 

Email: info@carawine.com.au

Web: www.carawine.com.au

 

Carawine Resources Encounters Strong Copper-Gold Porphyry Indicators at Hill 800

THE DRILL SERGEANT: Carawine Resources (ASX: CWX) declared that recent drilling at Hill 800 within the company’s 100 per cent-owned Jamieson project in northeast Victoria indicate a potential copper-gold porphyry intrusive.

Carawine Resources said that drilling results from Hill 800 had identified a broad intersection of intense alteration at Hill 800 with anomalous molybdenum and gold grades that could be close to a copper-gold porphyry intrusive.

The company described the silica-sericite-pyrite alteration zone intersected in drill hole H8DD021 as being geochemically distinct from the rhyodacite-hosted mineralisation at Hill 800, which it believes may represent a style of alteration common to the ‘shoulder’ of mineralised porphyry intrusive systems.

Carawine went on to explain that the intense silicification and extremely high pyrite content, which locally is semi-massive, has an intensity of alteration not seen before at this depth within the Hill 800 system.

High magnetic susceptibility values, broad zones of elevated molybdenum, and consistently elevated gold grades towards the end of hole are all considered to be potential vectors towards a copper-gold mineralised porphyry system.

The company considers the style and intensity of alteration intersected in this hole reinforces the potential for fertile copper-gold porphyry intrusions being targeted in the Jamieson project.

“H8DD021 is one of the deepest holes we have drilled at the Hill 800 deposit and it has returned some of the strongest alteration seen to date,” Carawine Resources managing director Mr David Boyd said in the company’s announcement to the Australian Securities Exchange.

“The correlation between elevated molybdenum assays and magnetic susceptibility readings are both strong indicators that we could be close to the porphyry source of the Hill 800 mineralisation.”

 

Email: info@carawine.com.au

Web: www.carawine.com.au