Report summary (From https://newsrush.ai/m_45.html):Exploration program - Preliminary results
27 March 2024 10:48 PM. 26 PagesSummary
- A diamond drilling program of seven holes, totalling 1,820 meters, was conducted to explore mineral potential.
- Preliminary results show low gold mineralisation, with only one notable gold occurrence of 31 g/t.
- The program is still awaiting assay results for the last hole, which might offer additional insights into the mineralisation trends.
- The exploration area has geological settings distinct from the Jugan Project, suggesting the potential for new mineralisation zones.
Highlights
- Total drilling: 1,820 meters
- Notable gold occurrence: 31 g/t in one interval
- Last hole drilled: ~410 meters, assay results pending
Positives
- Identification of a notable gold occurrence of 31 g/t
- Potential for discovering new gold zones based on geological anomalies and pathfinder minerals
- Comprehensive drilling and assay process to ensure data accuracy
Negatives
- Most holes showed low to no significant gold mineralisation
- The last and longest hole’s assay results are still pending, leaving some uncertainty
Key Dates
- Drilling commenced: July 2023
- Drilling completed: 14 March 2024
Alerts
- Contains better than expected results: no
- Contains worse than expected results: yes
- Contains expected results: no
- Sentiment: mixed
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