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Greenstone Resources Continues High-Grade Gold Hits at Burbanks

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THE DRILL SERGEANT: Greenstone Resources (ASX: GSR) reported results from a Phase-1 drill campaign underway at the company’s Burbanks gold project, south of Coolgardie in Western Australia.

Greenstone Resources said the results had continued to reaffirm the high-grade nature of Burbanks, while also extending the known mineralised strike horizon by 25 per cent.

The company explained the Phase-1 drill campaign is targeting the unclassified mineralisation supporting its recent JORC (2012) Exploration Target range of 3.3-3.6 million tonnes at 2-2.8 grams per tonne gold for 215,000 – 230,000 ounces of contained gold.

This Exploration Target is separate from the Mineral Resource of 3.4 million tonnes at 2.5g/t gold for 277,547 ounces and does not include over 2km of largely untested strike potential.

Intercepts from the Phase-1 drill campaign include:

BBRC405D
3 metres at 7.28 grams per tonne gold from 131m, including 1m at 19.2g/t gold from 132m;

BBRC377D
3.2m at 4.71g/t gold from 185.8m, including 0.37m at 29.5g/t gold from 185.8m; and

7.8m at 3.01g/t gold from 194.7m, including 1.4m at 8.64g/t gold from 196.6m.

“The current Phase-1 drill campaign continues to exceed our expectations, highlighting the true geological potential of Burbanks,” Greenstone Resources managing director and CEO Chris Hansen said in the company’s ASX announcement.

“Following from the recent intercept in BBRC371D of seven metres at 57.84 grams per tonne gold from 90 metres in December, we have not only continued to deliver further high-grade intercepts, but also grow the known mineralised strike horizon by a further 25 per cent.

“The high-grade nature of Burbanks should not be understated, as over the past ten years since 2012 the average open pit grade has declined 16 per cent to 1.29g/t gold, whereas Burbanks has subsequently joined an exclusive list of ASX-listed Australian gold projects with a resource grade greater than 2.5 grams per tonne.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Greenstone Resources Reports Mt Thirsty PGE Mineralisation Hits

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THE DRILL SERGEANT: Greenstone Resources (ASX: GSR) reported assay results from recent drilling carried out at the company’s Mt Thirsty Joint Venture (MTJV) (Conico Limited 50%) near Norseman in Western Australia.

Greenstone Resources received assays for the first eight drill holes of the 12 holes drilled to date of the campaign.

The eight holes reported have all intercepted highly anomalous palladium-platinum-gold-copper-nickel (PGE) mineralisation.

The company explained the current Phase I drill campaign is testing for extensions to the recent palladium-platinum-gold-copper-nickel (PGE) discovery of Galileo Mining (ASX: GAL) that sits less than 200 metres from the MTJV’s northern tenement boundary.

Results include:

MTRC003D
27 metres at 0.33g/t palladium + platinum + gold (3E) , 0.12 per cent nickel and 0.05 per cent copper from 198m;

MTDD001D
18m at 0.29g/t 3E, 0.11 per cent nickel and 0.05 per cent copper from 182m; and

MTRC009D
10.2m at 0.23g/t 3E, 0.09 per cent nickel and 0.01 per cent copper from 199m.

“The historical focus of Mt Thirsty has primarily focussed on the near surface oxide Resources, with the more recent PGE exploration occurring in largely untested geological horizons,” Greenstone Resources managing director and CEO Chris Hansen said in the company’s ASX announcement.

“Over the past weeks our geological understanding of the potential controls on mineralisation has evolved rapidly and we continue to dynamically adjust our exploration model to reflect this.

“We are reassured to have received highly anomalous PGE mineralisation in all holes completed to date, and more importantly the two recent most holes, MTRC0011AD and MTRC005D, have intersected significantly thicker sedimentary packages, which are interpreted to be a key control on mineralisation.

“With a further seven holes planned as part of the aggressive Phase I drill campaign, we look forward to testing the majority of the prospective strike horizon at Mt Thirsty over the next four weeks.

“Following the completion of the PGE drill campaign the multipurpose drill rig will then move to the western margin to test the recently identified lithium potential where eight pegmatite outcrops have been mapped over a 1,000-metre strike horizon.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Web: www.greenstoneresources.com.au

 

Greenstone Resources Meets High-Grade Mineralisation at Burbanks

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THE DRILL SERGEANT: Greenstone Resources (ASX: GSR) intersected multiple zones of visible gold at Burbanks North, part of the company’s 100 per cent-owned Burbanks gold project south of Coolgardie in Western Australia.

Greenstone Resources reported its most recent hole has demonstrated three discrete zones of mineralisation with visible gold observed within a broader sheared zone extending over 42 metres down hole.

Results include:

BBRC338D
1.5 metres at 43.7 grams per tonne gold from 405.9m, including 0.5m at 113g/t gold from 405.9m;
2.2m at 17.1g/t gold from 399.8m, including 0.6m at 54.1g/t gold from 400.1m; and
1.05m at 22.4g/t gold from 421m, including 0.6m at 33.3g/t gold from 421.4m.

“Following two new discoveries late last year which served to extend the known mineralised strike horizon at Burbanks to over 4.5 kilometres, we are pleased to also confirm that mineralisation at Burbanks North remains open to at least 250 metres below surface,” Greenstone Resources managing director and CEO Chris Hansen said in the company’s ASX announcement.

“Importantly, the recent intercept in BBRC338D, in conjunction with the historical shallow drilling already completed, continues to reaffirm the new exploration model for Burbanks North and the potential for future high-grade resource additions here.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@greenstoneresources.com.au

 

Web: www.greenstoneresources.com.au

 

Greenstone Resources Resumes Drilling on High-Grade Gold Targets

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THE DRILL SERGEANT: A week out from the 2022 RIU Explorers Conference Greenstone Resources (ASX: GSR) has resumed drilling at the company’s Burbanks gold project just outside Coolgardie in Western Australia.

Greenstone Resources is drilling at the Burbanks North and Main Lode targets, with combined Reverse Circulation (RC) and diamond drilling.

This drilling is following up on a drill campaign Greenstone completed late last year that delivered two new discoveries, namely Burbanks North and Burbanks South, extending the mineralised strike horizon to over 4.5 kilometres.

“With exploration at Burbanks having only resumed in November last year, the team have demonstrated their ability to expedite the exploration and discovery process, with two new discoveries at Burbanks South and Burbanks North subsequently announced within six weeks of activities beginning,” Greenstone Resources managing director and CEO Chris Hansen said in the company’s ASX announcement.

“We are now looking to leverage off both this recently completed work, and the extensive historical drill hole database to guide future exploration decisions and discoveries.

“The initial drilling at Main Lode will serve to test down-plunge extensions of known high-grade structures which remain outside of the current resource area.

“Whereas the drilling at Burbanks North is focussed on validating the recent re-interpretation of shallow historic drilling which has subsequently identified the initial development of three high-grade plunges near surface.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@greenstoneresources.com.au

 

Web: www.greenstoneresources.com.au