EXTERRA RESOURCES LTD ACN 138 222 705
ASX Code: EXCwww.exterraresources.com.au Issued Capital:
Ordinary Shares: 275.7m
Options: 45.7m
Directors and Management: John Davis
Managing Director
Justin BrownNon-Executive Director
Peter ColeNon-Executive Director
Dennis WilkinsCompany Secretary
*Note: All intercepts are downhole widths.
17 August 2016
HIGHLIGHTS
SECOND FORTUNE EXTENDED- Economic grade gold mineralisation confirmed 350m to the south of the Second Fortune mine including 2m at 5.74 g/t Au from 39m in hole EXRC070, to end of hole.
- Historic drilling reported 12m @ 3.21 g/t Au from 48m in hole SFRB013, 2m @ 5.38 g/t Au from 32m in hole SFRC005 and 4m at 22.67 g/t Au from 16m in hole SFRB045 (composite)
- Aeromagnetic data suggests this mineralisation may be an offset of parallel veining to the Second Fortune mine or mineralisation of similar structural setting and style. MT LINDEN
- Significant gold intersected at Mt Linden including 8m @ 1.08 g/t Au from 74m in hole EXRC080.
- Historic drilling reported 2m @ 6.91 g/t Au from 20m and 10m @ 2.12 g/t Au from 82m in hole MLRC010.
- Mineralisation is associated with interbedded chert and shale units open in all directions. PIPELINE
-
First pass drilling at the Pipeline prospect intersected gold mineralisation including 2m @ 2.27 g/t Au from 29m in hole EXRC061
Exterra Resources Limited (ASX:EXC) ("Exterra") is pleased to advise that final assay results from first pass sampling from the 76 hole drilling programme at Linden has confirmed the presence of economic grade mineralised zones at Second Fortune Extended, Mt Linden and Pipeline prospects.
Further sampling is under way to provide complete coverage of all drill intercepts and provide a basis for interpretation leading to follow-up drilling.
Hill East
Mt Linden
Second Fortune
Extended Alawa
Figure 1: Linden Tenements - AC/RC Drill Hole LocationTable 1 below includes results from the 76 hole Linden Air Core (AC)/Reverse Circulation (RC) drilling programme where new results have been recorded at the cut-off indicated.
Better results received in latest reports include:
- EXRC070 - Second Fortune Extended: 2m at 5.74 g/t Au from 39 m to EOH
- EXRC071 - Second Fortune Extended: 2m at 3.68 g/t Au from 36 m.
- EXRC080 - Mt Linden: 8m at 1.08 g/t Au from 74m, including; 1m at 2.16 g/t Au from 74m
- EXRC081 - Mt Linden: 2m at 1.50 g/t Au from 31 m 2m at 0.97 g/t Au from 70m
- EXRC061 - Pipeline: 2m at 2.27 g/t Au from 29 m, including;
The Second Fortune Extended prospect is located 350m to the SSW of the Second Fortune open pit and consists of approximately 200m of previously undrilled strike length bounded in the south by one historic Rotary Air Blast (RAB) line with one hole (SFRB013) containing 12m at 3.21 g/t Au from 48m with a maximum 15.1 g/t Au over 1m and in the north by a RAB/RC line with one hole (SFRC005) containing 2m at 5.38 g/t Au from 32m, with a maximum 10.35 g/t Au over 1m and 2m at 4.09 g/t Au from 87m.
Immediately to the NW in historic hole SFRB045, 4m at 22.67 g/t Au was intersected from 16m.
Drilling in the recent programme consisted of 6 RC drill holes on each of 2 fences which intersected deeply weathered saprolitic clays with less weathered sedimentary and/or ultramafic schists.
Scattered moderate amounts of quartz veining were present in most holes up to 11m wide. Gold mineralisation appears to correlate with increased veining.
It is likely the mineralisation is structurally controlled and is open down hole in some instances and requires further follow-up. Aeromagnetic data suggests that the gold mineralisation at Second Fortune Extended may be either an off-set of parallel veining at Second Fortune mine or a similar structural setting and style.
MT LINDENThe Mt Linden historic workings are located along a line of low hills which mark the position of the Mt Linden chert horizon which includes banded chert, carbonaceous shale, siltstone and acid tuffs within a broader sequence of intermediate volcanics.
Two RC holes were drilled to test the strike extent of broad mineralisation reported in historic drill hole MLRC010 which included 2m at 6.91 g/t Au from 20m and 10m at 2.12 g/t Au from 82m.
Drilling intersected broad mineralisation up to 8m at 1.08 g/t Au from 74m in hole EXRC080 and 2m at 1.50 g/t Au from 31m in hole EXRC081, associated with ferruginous zones in chert units. This may represent oxidised pyrite alteration. The extent of mineralisation is still open in all directions, particularly towards the west and NW.
Prospect | Hole ID | East | North | RL | Dip | Azi | Depth (m) | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Highlights |
HILL EAST | EXAC082 | 447542 | 6758728 | 426 | -60 | 190 | 36 | 9 | 20 | 11 | 1.86 | 0.20 | 11m @ 1.86 g/t Au |
Including | 12 | 16 | 4 | 3.60 | 0.24 | 4m @ 3.60 g/t Au | |||||||
22 | 25 | 3 | 2.40 | 0.32 | |||||||||
Including | 24 | 25 | 1 | 3.54 | 0.60 | ||||||||
EXAC083 | 447545 | 6758750 | 426 | -60 | 190 | 51 | 41 | 42 | 1 | 1.18 | 0.10 | ||
EXAC084 | 447546 | 6758763 | 426 | -60 | 190 | 90 | 70 | 71 | 1 | 0.67 | 0.15 | ||
74 | 75 | 1 | 0.51 | 0.15 | |||||||||
76 | 77 | 1 | 0.51 | 0.30 | |||||||||
EXAC085 | 447526 | 6758739 | 426 | -60 | 190 | 45 | 15 | 16 | 1 | 1.15 | 0.10 | ||
35 | 38 | 3 | 1.55 | 1.68 | 3m @ 1.55 g/t Au | ||||||||
Including | 35 | 36 | 1 | 3.01 | 3.75 | ||||||||
EXAC086 | 447528 | 6758758 | 426 | -60 | 190 | 84 | 44 | 48 | 4 | 0.68 | 0.09 | ||
60 | 62 | 2 | 0.85 | 2.28 | |||||||||
EXAC087 | 447506 | 6758735 | 426 | -60 | 190 | 39 | 4 | 7 | 3 | 1.44 | 0.28 | ||
12 | 17 | 5 | 0.74 | 0.32 | |||||||||
19 | 28 | 9 | 2.29* | 0.13 | 9m @ 2.29 g/t Au | ||||||||
Including | 20 | 25 | 5 | 3.44 | 0.13 | 5m @ 3.44 g/t Au | |||||||
31 | 33 | 2 | 0.86 | 0.35 | |||||||||
EXAC088 | 447508 | 6758749 | 426 | -60 | 190 | 57 | 27 | 28 | 1 | 1.23 | 0.25 | ||
31 | 39 | 8 | 1.79 | 0.17 | 8m @ 1.79 g/t Au | ||||||||
Including | 35 | 39 | 4 | 2.21 | 0.13 | ||||||||
EXAC089 | 447487 | 6758768 | 426 | -60 | 190 | 69 | 58 | 63 | 5 | 4.06 | 2.21 | 5m @ 4.06 g/t Au | |
Including | 59 | 63 | 4 | 4.87 | 2.55 | ||||||||
EXAC090 | 447459 | 6758733 | 425 | -60 | 190 | 57 | 6 | 7 | 1 | 1.12* | 0.15 | ||
25 | 27 | 2 | 1.51* | 0.15 | 2m @ 1.51 g/t Au | ||||||||
Including | 26 | 27 | 1 | 2.09 | 0.20 | ||||||||
31 | 33 | 2 | 5.58 | 3.85 | 2m @ 5.58 g/t Au | ||||||||
Including | 32 | 33 | 1 | 10.20 | 5.75 | 1m @ 10.20 g/t Au | |||||||
EXAC090 | 447459 | 6758733 | 425 | -60 | 190 | 57 | 39 | 40 | 1 | 0.95 | 0.30 | ||
EXAC091 | 447465 | 6758762 | 425 | -60 | 190 | 84 | 57 | 58 | 1 | 0.62 | 0.30 | ||
70 | 72 | 2 | 1.51 | 0.48 | |||||||||
EXAC092 | 447458 | 6758705 | 425 | -60 | 135 | 40 | 9 | 12 | 3 | 1.26 | 0.43 | 3m @ 1.26 g/t Au | |
EXAC093 | 447441 | 6758720 | 400 | -60 | 135 | 57 | 23 | 27 | 4 | 3.17 | 2.23 | 4m @ 3.17 g/t Au | |
47 | 49 | 2 | 1.22 | 0.70 | |||||||||
EXAC094 | 447429 | 6758735 | 425 | -60 | 135 | 63 | 39 | 42 | 3 | 1.43 | 6.93 | ||
EXAC097 | 447400 | 6758707 | 425 | -60 | 135 | 42 | 28 | 33 | 5 | 1.26 | 1.58 | 5m @ 1.26 g/t Au | |
Including | 29 | 30 | 1 | 4.34 | 2.30 | ||||||||
EXAC100 | 447323 | 6758858 | 426 | -60 | 160 | 51 | 32 | 39 | 7 | 2.66 | 0.83 | 7m @ 2.66 g/t Au | |
Including | 33 | 38 | 5 | 3.37 | 1.08 | 5m @ 3.37 g/t Au | |||||||
EXAC101 | 447304 | 6758850 | 426 | -60 | 160 | 51 | 32 | 33 | 1 | 0.55 | 0.55 | ||
EXAC102 | 447285 | 6758843 | 426 | -60 | 160 | 51 | 25 | 29 | 4 | 0.74 | 0.56 |
Exterra Resources Limited published this content on 17 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 17 August 2016 01:05:02 UTC.
Original documenthttp://www.exterraresources.com.au/images/uploads/Further_Linden_Gold_Exploration_Drilling_Results_Aug_16_CLEAN.pdf
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