Previous significant results from CAV aircore drilling at the Carnage Prospect include:
4m @ 30.20g/t from 44m in OBAC413
7m @ 5.95g/t from 80m in OBAC379 (ends in mineralisation)
8m @ 2.74g/t from 48m in OBAC089
4m @ 2.69g/t from 36m in OBAC306
12m @ 0.43g/t from 44m in OBAC406
12m @ 0.33g/t from 40m in OBAC435
Completed 9 holes of wide-spaced RC drilling for 1,841m program targeting the 2.1km strike extent.
Favourable geology to host a significant gold deposit, with major shear structures crosscutting a sedimentary basin with an identified felsic intrusion that correlates to a substantial regolith gold anomaly identified by CAV in aircore.
Prospective geochemistry in arsenic, tin, tungsten and bismuth that correlates with the best gold anomalism suggesting an intrusion related source for the gold system.
The best gold anomalism identified in the saprock profile at the Carnage Prospect is overlain by a significant gold anomaly in the transported material, interpreted to be derived from the local, primary bedrock gold source.
Analogous geological setting target to the +2.5Moz @ +4g/t Invincible Gold Mine1 , discovered by
Results are expected in
CEO
'CAV returned to the
Aircore drilling by CAV at the
The initial RC drilling program at Ora Banda comprised a wide spaced 100m x 200m program targeting the central part of the Carnage Prospect gold anomaly. The exploration aim at Ora Banda is to discover a large-scale gold deposit within the sedimentary package on the Carnage shear analogous to the St Ives Discovery. For more details relating to the targeting of the RC program see ASX release 'Maiden RC drilling to commence at
Contact:
CEO
T: +61 8 9380 9098
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