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snowstorM brewinG For First au “Diamond drilling with two multi-purpose drill rigs continues to
target high-grade gold mineralisation below the current limits of
Starwest Pty Ltd was set to start drilling at First Au Ltd’s
the MRE dataset, highlighting the future growth potential of the
Snowstorm project in Victoria at the time of print.
deposit.”
First Au has committed to a minimum of 1,500m of diamond
Predictive’s maiden resource for Bankan was due at the time of print.
drilling at the project, located in the Swifts Creek goldfields of
East Gippsland, with the company to provide periodic updates as Meanwhile, fellow explorer Golden Rim Resources Ltd has raised
results begin to flow. $6 million to advance exploration efforts at its Kada gold project in
Guinea. Foster Stockbroking acted as lead manager to the two-
The primary goal of the programme is to expand on previous
tranche placement.
drilling results, with a focus on areas which showed strong
mineralisation and appear to be structurally controlled. Drilling will A second round of resource drilling was set to kick off in early
also look to delineate economic widths along the Dispute Reef October, with a maiden resource estimate for Kada also due later
and Rex Reef zones. this quarter.
Some of the previous best intersections at the project include “We are excited by the oxide gold results to date from Kada and
3.1m @ 11.6 g/t gold and 2.9m @ 3.41 g/t gold. now have the funding in place to proceed with our strategy of
advancing this core asset and delivering value for shareholders,”
Golden Rim managing director Craig Mackay said.
More predictable hiGh-Grade Gold
in Guinea new horizon For teal Gold caMp

Ahead of its highly anticipated maiden resource estimate for the
Horizon Minerals Ltd is expected to deliver a maiden reserve
Bankan gold project in Guinea, Predictive Discovery Ltd has once
for its Jacques Find-Peyes Farm project later this quarter after
again produced more high-grade gold results from step-out drilling.
finding additional resources within the Teal gold camp, about
Three diamond holes totalling 1,584m at NE Bankan returned
10km north-west of Kalgoorlie.
impressive hits of 26m @ 7 g/t gold from 407m (including 11m @
The resource for Jacques Find-Peyes Farm now stands at
13.6 g/t from 407m), 16.6m @ 5.9 g/t gold from 393m (including
1.74mt @ 2.32 g/t gold for 130,000oz (based on a 0.8 g/t lower
6m @ 12.2 g/t from 400m) and 38m @ 3.6 g/t gold from 380m
cut-off grade), with more than 55% of those ounces now in the
(including 15m @ 6.4 g/t from 395m).
indicated category.
Reinterpretation of earlier holes and ongoing drilling into the
Metallurgical results also show gold recoveries of 89.4% and
newly recognised high-grade gold zone has shown that higher
69.9% for the Jacques Find-Peyes Farm oxide-transitional
grades are strongest directly below a major shear zone where it
composites respectively.
coincides with the contact between mafic volcanics (above), and
gold mineralised felsic intrusive rocks (below). Further drilling and test work is planned. Best intercepts from
the latest drilling include 19m @ 12.53 g/t from 52m, 8m @ 12.1
Predictive managing director Paul Roberts said the results
g/t from 60m and 24m @ 3.04 g/t from 80m, including 4m @
confirmed the central high-grade zone at NE Bankan was
6.47 g/t from 84m.
persisting to 400m vertical depth over a strike length of more
than 100m and has “obvious potential to grow further” both to the “After the successful completion of the Teal gold mine in 2018,
the exploration team have done an excellent job in defining
south and at depth.
additional resources within the Teal gold camp,” Horizon
“The new geological model that has emerged from
managing director Jon Price said. “We now look forward to
reinterpretation of the earlier diamond drill holes stands up
completing mine optimisation and design studies for ore reserve
well as a predictor of high-grade gold and will now be used for
generation in the December quarter as part of the consolidated
targeting the ongoing deep drilling programme,” Roberts said.
feasibility study.”
Industry leaders in Aircore
Deep hole Reverse Circulation

Experienced in complex remote exploration drilling

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www.bostech.com.au 08 9250 4252

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