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Carawine Resources Drilling at Jamieson Project

THE DRILL SERGEANT: Carawine Resources (ASX: CWX) has a program of diamond drilling underway at the company’s 100 per cent-owned Jamieson project in Victoria.

Carawine Resources is currently advancing two prospect areas at the Jamieson project: Hill 800 and Rhyolite Creek while exploring for a porphyry source to gold and copper mineralisation in the region.

The program is to consist two diamond holes, the first of which is to be an extension of drill hole H8DD023, and will test the M2 copper-gold porphyry magnetic anomaly, located 700 metres south of Hill 800.

Unsurprisingly, the second drill hole is planned to follow the first, and will test the down-plunge extents of a high-grade gold interval the company reported earlier this year of:

H8DD022
11m at 13.9 grams per tonne gold from 278m, including 2m at 74.8g/t gold, 0.4 per cent copper from 290m.

“It’s great to be drilling again in Victoria with a number of exciting targets to test over coming months, starting with the M2 porphyry target just south of Hill 800 and our search for the porphyry system we believe is driving the high-grade gold and copper mineralisation at Jamieson,” Carawine Resources managing director David Boyd said in the company’s ASX announcement.

“We look forward to providing updates to the market as drilling progresses and results are received.”

Over in Western Australia, Carawine signalled it is about to commence drilling at the company’s Tropicana North gold project, located in the Tropicana and Yamarna regions of WA’s north-eastern goldfields.

The first program is a reverse circulation (RC) drilling program targeting extensions to high-grade gold mineralisation at the Hercules and Atlantis prospects.

A regional air core drilling program targeting extensive near-surface gold anomalies along the Hercules Shear Zone is expected to commence soon after the RC program begins.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@carawine.com.au

 

Web: www.carawine.com.au

 

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