Page 47 - gmj150-Jan-Mar-web-Neat
P. 47

63m and 1.9m @ 8.6 g/t from 699m.
                                                               The latest results point to the potential to expand Pickle Crow,
                                                               given they are from areas intersected more than 200m below
                                                               previous drilling.
                                                               The Tyson  prospect  was  first  identified  in  October  2021  and
                                                               AuTeco has been working to build confidence in the zone ever
                                                               since.
                                                               AuTeco  chief  executive  Darren  Cooke  said  the  results
                                                               demonstrated the continuity of a mineralised system which have
                                                               never been previously mined.
             Falcon Minerals is targeting new zones below known mineralisation at   “Not only have we extended the known depth of the vein system
                 the Beaker 2 prospect on the Viking gold project near Norseman  by more than 200 vertical metres, but the intersection of 1,020 g/t
                                                               gold is the highest-grade intersection drilled by AuTeco to date,”
          along strike, we have decided to commence a diamond drilling   he said.
          programme in the coming weeks,” Markwell said. “This will   “The Tyson result is reminiscent of the intersections at Northern
          improve our understanding of the potential scale of the mineralised   Star [Resources Ltd’s] Jundee mine. Two rigs [are] planned to
          shears, and the controls relating to the higher-grade zones within   drill for the remainder of 2022.”
          the shears.”
          The company is now planning a three-hole diamond programme   TOMBOLA PULLS OUT HIGH GRADES
          for drilling later in the financial year.
                                                               Tombola Gold Ltd has had its initial interpretation of the Golden
          “Norseman is an increasingly exciting region for mineral exploration
                                                               Mile project confirmed with a first diamond hole returning high-
          and Falcon is pleased with the emergence of Viking as a project of
                                                               grade values.
          significance,” Markwell said.
                                                               Tombola has been testing the Mt Scheelite target on its Golden
                                                               Mile complex in Cloncurry, Queensland, since mid-2022 with a
          TYSON PUNCHES ABOVE ITS WEIGHT                       programme of 24 RC holes for 2,060m returning best hits of 21m
          AuTeco Minerals Ltd appears set to expand its 2.23 moz gold   @ 3.27 g/t gold from 34m (including 11.53 g/t), 6m @ 6.8 g/t from
          resource after reporting a bonanza hit from drilling outside the   47m, 18m @ 5.1 g/t from 23m and 14m @ 16.22 g/t.
          current resource for its Pickle Crow project in Ontario, Canada.  Assays from the first diamond hole at Mt Scheelite confirmed the
          Multiple  high-grade  veins  were  uncovered  via  drilling  on  the   high-grade nature of the mineralisation, returning an intersection
          Tyson discovery, returning intercepts of 0.4m @ 1,020 g/t gold   of 15m @ 6.96 g/t from 28m.
          from 809m, 0.4m @ 71.9 g/t from 126.1m, 0.4m @ 29.8 g/t from   For  Tombola,  the  assays  confirmed  the  opportunity  for  Mt
                                                               Scheelite  to  feed  into  mining  plans  based  on  the  Comstock,
                                                               Shamrock/Falcon and Mt Freda orebodies.
                                                               “At this early stage, Mt Scheelite is confirming the potential to build
                                                               into  the  company’s  future  production  planning  with  continued
                                                               positive  results  being  returned,”  Tombola  managing  director
                                                               Byron Miles said. “We are particularly excited as Mt Scheelite is
                                                               next door to the Comstock and Shamrock operating mines.”

                  AuTeco’s Pickle Crow project in Canada continues to grow




        As a global engineering and project delivery organisation, we provide
        specialist services in the development and delivery of mineral resource
        studies and projects across the world.


 E:  resources@lycopodium.com  Working in partnership, with trust, integrity and respect.
 T:  + 61 8 6210 5222
 W: lycopodium.com





                                                         Page 47
   42   43   44   45   46   47   48   49   50   51   52