This is a very nice high grade gold section within Alexander River. Multiple Bonanza Grade and Jewelry box grade gold intercepts....
AX84 (2.5m @ 358g/t Au), AX85 (2.1m @ 18.0g/t Au) and AX89 (2.3m @ 10.2g/t Au)
have intersected high grade mineralisation around the inferred NW-SE trending fault.
AX45 (2m @ 26.8g/t Au) and AX47 (5m @ 9.1g/t Au, including 1.6m @ 27.9g/t Au)
in the Loftus-McKay shoot also intersected high grade mineralisation adjacent to the
fault.
Diamond drillhole AX89 was drilled 100m down plunge of AX84 and intersected 2.3m
@ 10.2g/t Au on the other side of an interpreted fault. The mineralisation was
intersected around 40m west of AX84, but down plunge, indicating that displacement
across the fault is largely strike slip. If this interpretation is correct, then the LoftusMcKay shoot should have a similar displacement across the fault.
AX98a was drilled between AX80 (2m @ 8.0g/t Au) and AX85 (2.1m @ 19.3g/t Au)
intersected a strongly mineralised zone, comprising a 0.4m quartz reef and around
1.5m of acicular aspy mineralisation (Figure 4) with results awaited.
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