Page 46 - gmj150-Jan-Mar-web-Neat

DRILL BITS

CARNAVALE PREPARES ORA BANDA HITS The two holes returned hits of 20m @ 2.1 g/t gold from 42m
and 7m @ 1.9 g/t from 33m (including 3m @ 3.7 g/t from
Maiden RC drilling success on its Ora Banda South gold
51m). The two holes followed on from an earlier programme
project has given Carnavale Resources Ltd a second
which defined 300m strike through intercepts of 84m @ 2.5
prospective exploration asset in its portfolio.
g/t, 12m @ 6.5 g/t and 11m @ 7.8 g/t.
Much of Carnavale’s exploration budget is dedicated to
The 19-hole programme – the first stage of a wider 7,800m
its Kookynie project near Leonora. However, after initial
campaign which will include infill and extensional drilling
encouragement from aircore drilling earlier in the year, the
– is targeting shallow mineralisation to support open pit
company is committing more funds to Ora Banda, near
evaluation. The second stage will extend the oxide structure
Kambalda.
along strike to the north-east while the third phase will
Results from the 10-hole programme across a 2.1km strike
grow plus-5 g/t mineralisation down dip to demonstrate
length on the Carnage prospect included hits of 4m @ 30.2
underground potential.
g/t gold from 44m, 7m @ 5.95 g/t from 80m, 8m @ 2.74 g/t
“These first assay results are a positive start to the
from 48m, 4m @ 2.69 g/t from 36m, 12m @ 0.43 g/t from
programme,” Odyssey managing director Matt Briggs said.
44m and 12m @ 0.33 g/t from 40m.
“These holes demonstrate strong supergene gold above
Carnavale chief executive
the high-grade shoot at the Highway Zone supporting
Humphrey Hale said the
the potential of open pit mining. Extensions of the oxide
programme was the first time
mineralisation have been drilled a further 160m to the east
Carnage had been tested.
as part of the current programme.
“Previous explorers ignored this
“Quartz veining and sulphides have been intersected in the
area as the project area is covered
targeted position in the drilling.”
by transported material overlying
a sedimentary sequence,” he said.
“The excellent aircore programmes FALCON’S VIKING TREASURE
have defined a substantial
Falcon Metals Ltd has been given early encouragement from
gold anomaly with associated its Viking gold project near Norseman, Western Australia, with
complimentary geochemistry, a
multiple holes intersecting high-grade gold.
major shear and a newly mapped
Falcon is drilling 10 holes for 1,691m at Viking, 30km south-east
intrusion.”
of Norseman. The first results from the programme included hits
Hale said the prospect was of 6m @ 1.02 g/t gold from 93m (including 1m @ 5.01 g/t), 6m @
analogous with the plus-2.5 moz
Carnavale’s Humphrey Hale 5.11 g/t from 141m (including 1m @ 28.5 g/t), 3m @ 6.07 g/t from
assesses the company’s @ plus-4 g/t gold Invincible mine at 43m (including 1m @ 13.4 g/t) and 4m @ 1.87 g/t from 124m
drilling activity Gold Fields Ltd’s St Ives operation. (including 1m @ 5.01 g/t).
Managing director Tim Markwell said the drilling had successfully
tested primary mineralisation down-dip of the oxide zone intercepts
ODYSSEY ON HIGHWAY JOURNEY at the Beaker 1 and Beaker 2 prospects and indicated the potential
for a new target zone to the south-east of Beaker 2. This has given
Odyssey Gold Ltd has hit wide zones of gold mineralisation
Falcon encouragement to expand the company’s plans.
in the first two holes of a 19-hole RC programme at the
“With the confirmation of both high-grade primary mineralisation
Highway Zone prospect at its Tuckanarra project in the
at depth and the continuity of the mineralised shear zones
Murchison district, Western Australia.

A WORLD OF INTEGRATED As a global engineering and project delivery organisation, we provide

SUPPLY CHAIN SOLUTIONS specialist services in the development and delivery of mineral resource
studies and projects across the world.

Africa logistics specialists / consolidations / multi-modal /
E: resources@lycopodium.com
remote site logistics / warehousing / full documentation management / Working in partnership, with trust, integrity and respect.
T: + 61 8 6210 5222
projects / freight forwarding / road - air - ocean - charter
W: lycopodium.com

Page 46