CorporateDetails: Unity Mining Limited ('Unity' or 'the Company') is pleased to provide further results from exploration drilling currently being undertaken at the Henty Gold
ASX Code: UML
Issued capital:
1,143M Ordinary Shares 2.34M Unlisted Perf. Rights 43.2M Unlisted Options
Mine, under a Farm-In Agreement with the PYBAR Group.
The exploration program continues at full pace with 3 drilling rigs currently employed in first-pass testing of a number of key target areas, the locations of which are outlined in Figure 1 below.
Substantial Shareholders:
Diversified Minerals Pty Ltd 159.1M (13.69%)
Directors:
Non-Executive Chairman: Clive Jones
Acting Managing Director: Frank Terranova
Non-Executive Directors: Ronnie Beevor
Gary Davison
Contact Details:
Unity Mining Limited Level 10
350 Collins Street Melbourne Victoria 3000 Australia
Tel: +61 (0)3 8622 2300
Fax: +61 (0)3 8622 2399
Email: Info@unitymining.com.au
Website: www.unitymining.com.au
Recent results from the Collar Zone have confirmed a significant zone of narrow, high-grade mineralisation up-dip of the main Henty Gold Mine and in very close proximity to the surface decline.
Recent highlights from the drilling program include:
Z20084 | 147.8-148.9 m | 1.1 m at 28.1 g/t gold | |
Z20082 | 192.3-193.8 m | 1.5 m at 8.5 g/t gold | includes 192.3- 193 m; 0.7 m at 13.7 g/t gold |
Z20078 | 212.85-213.4 m | 0.55m at 13.6 g/t gold | |
225.1-229.6 m | 4.5m at 4.1 g/t gold | ||
Z20079 | 243.95-244.55 m | 0.6 m at 7 g/t gold |
All intervals quoted are measured down hole.
As well as outlining a significant zone of mineralisation, preliminary interpretation in this area is beginning to indicate that the mineralisation in the Collar Zone may be of a different style and mineralogy to other parts of the Henty deposit. There are indications of a higher coarse gold component and a stronger association with silver and base metals. Detailed geological logging of drill holes in the area is indicating that the main mineralised structure is not truncated by the Henty Fault, as previously assumed, but instead runs parallel to it.
In addition to the intersections in the Collar Zone, results have been returned from holes targeting the top of the Darwin South Resource and the Deep Read. The results (listed below) indicate the presence of previously unknown high grade mineralisation in the Hanging Wall of the Darwin South ore body. Results are still coming from the Deep Read zone.
Z20109 | 0.10-2.00m | 1.90m at 8.7 g/t gold | Includes 16.0-17.0m; 1.0m at 42 g/t gold. This hole also returned 2.2m at 2.1 g/t gold from 224 - 226.2m in the Deep Read Zone. |
15.0-17.0m | 2.0m at 22.9 g/t gold | ||
Z20106 | 12.8-15.6m | 2.8 m at 36.5 g/t gold | Includes 14.15-14.9 m; 0.75 m at 98.4 g/t gold |
Z20107 | 12.55-16.7m | 4.15m at 6.55 g/t gold | Includes 12.55-13.0m; 0.45m at 21.9 g/t gold and 15.8-16.7m; 0.9m at 17.6 g/t gold. This hole also returned 187-187.8; 0.8m at 4.7 g/t gold from the Deep Read Zone. |
Z20105 | 13.25 15.2m | 1.95m at 33.5 g/t gold | Includes 14.25-15.2m; 0.95m at 61.5 g/t gold. |
These early results are promising, with further drilling planned to test the extensions of Darwin South in the coming weeks, especially in the Hanging wall lenses.
Since the third underground rig began work at Henty during October 2015, results have started to come through from the Up-dip Zone 15 target. The first hole, Z20112 suffered a mis-latch and core was lost from the mineralised zone but the second hole, Z20113, reported the following encouraging results:
Hole Z20113 93.0-93.7 m; 0.7 m at 33.2 g/t gold and 100.7-102.2 m: 1.5 m at 5.46 g/t gold.
All intervals quoted in this release are down hole. Three tables with 3D co-ordinates for all drill hole intersections, recent and relevant historical, quoted or shown on plans and sections are included below.
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