Cheers HappyGoLooky. This is from the previous announcement.
Barimaia hosts similar geology (including interpreted felsic intrusion host rocks) to Ramelius Resources’ Eridanus gold deposit, which hosts a current JORC Resource of 21Mt @ 1.7g/t Au for 1,200,000oz of contained gold, with an additional +300,000 ounces of gold mined from the open pit.
Previous exploration work undertaken by Genesis demonstrated the presence of an extensive gold system, with significant historical RC results highlighting shallow open pit potential, including:
• 15m @ 11.4g/t Au from 74m
• 17m @ 3.4g/t Au from 49m
• 19m @ 1.5g/t Au from 18m
• 5m @ 4.0g/t Au from 43m
• 70m @ 0.7g/t Au from 59m
In addition, historical air-core drilling at the east end of strike returned high-grade bottom-of-hole results that were never followed up, including:
• 2m @ 14.3g/t Au from 25m
• 1m @ 10.2g/t Au from 32m
Initial infill and extension RC drilling is imminent. Cheers.
ORD Price at posting:
27.0¢ Sentiment: Hold Disclosure: Held
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