HIGH GRADE EPITHERMAL GOLD AND PORPHYRY SKARN DISCOVERED AT SPUR PROJECT DRILLING PROGRAM EXPANDED
HIGHLIGHTS
• Assay results received from initial drilling activity (1100m) at the Spur gold-copper project
SHALLOW MINERALISED PORPHYRY SKARN DISCOVERED AT SPUR EAST
• Drilling has identified an open zone of shallow gold mineralisation associated with a hematite – epidote - pyrite ± magnetite skarn at Spur East, results include:
SPD001 22m @ 1.92g/t Au from 11m SPUR EAST inc 5m @ 6.69g/t Au from 24m SPUR EAST
• Identification of gold-rich skarn mineralisation at Spur East indicates potential for significant shallow gold resources and shows affinities with the nearby Cadia Valley gold-copper skarn deposits
• Drilling has also identified stratabound K-feldspar-albite-tourmaline porphyry alteration with affinities to upper-level alteration at the nearby Ridgeway and Cadia East porphyry gold-copper deposits
HIGH-GRADE EPITHERMAL GOLD AT SPUR
• Drilling has also identified extensions to epithermal gold mineralisation at Spur, results include:
SPD002 44m @ 1.06g/t Au from 153m SPUR inc 5m @ 4.37g/t Au from 157m SPUR also 2.2m @ 5.42g/t Au from 183.8m SPUR SPD003 71.9m @ 1.23g/t Au, 0.1% Cu from 21.1m SPUR inc 16m @ 3.78g/t Au, 0.26% Cu from 35m SPUR also 1.25m @ 20.99g/t Au, 1.86% Cu from 35m SPUR
STOCKWORK EPITHERMAL GOLD ASSOCIATED WITH SILICEOUS ALTERATION AND LARGE RESISTOR AT SPUR SOUTH
• Drilling has also upgraded the prospectivity of the Spur South target, where stockwork pyritic epithermal gold mineralisation associated with siliceous alteration has been identified at the end of drillhole SPD003, at the edge of a large strong geophysics resistor, results include:
SPD003 10m @ 2.40g/t Au from 354m SPUR SOUTH inc 3m @ 7.50g/t Au from 361m SPUR SOUTH Also 1m @ 22g/t Au, 0.12% Cu from 361m SPUR SOUTH SPD003 2.9m @ 1.01g/t Au from 419m to EOH SPUR SOUTH
• Drilling program expanded with RC drilling planned to commence in late-April 2024
