Prices as at 25 July 2008 Carrick Gold Shares AU$1.00 Gold price...

Prices as at 25 July 2008 Carrick Gold Shares AU$1.00 Gold price US$928/oz
Lindsays Project
Assay results from close-spaced drilling on the Eastern and Central Structures continue to
strengthen and develop in detail a three dimensional resource model.
Significant intersections identified during drilling:
PFRC635 1m @ 92.47g/t Au
PFRC639 5m @ 25.07g/t Au inc. 1m @ 120.49g/t from 18m
PFRC630 1m @ 12.37g/t Au
PFRC625 1m @ 8.34g/t Au
PFRC635 2m @ 8.11g/t Au
PFRC629 1m @ 7.96g/t Au
PFRC624 1m @ 7.13g/t Au
PFRC641 1m @ 7.00g/t Au
PFRC663 1m @ 6.79g/t Au
PFRC629 2m @ 5.98g/t Au
PFRC636 5m @ 5.55g/t Au inc. 1m @ 17.06g/t from 60m
PFRC628 5m @ 5.18g/t Au inc. 1m @ 16.04g/t from 89m
PFRC616 1m @ 5.00g/t Au
Eastern Structure
Two drill sections have indicated that an increase in the grade will occur as a result of
randomly targeting high grade structures with close-spaced drilling. A comparison of
resource calculations made from two sections at Parrot Feathers was made from assay
results before and after recent drilling campaigns (Assay results from drill holes PFRC503 to
PFRC648).
A 20 metre wide section (Section 48380 North, Refer: Figure 3) indicated an increase in an
uncut grade from 2.7g/t to 3.5g/t. A 10 metre wide section (Section 48490 North, Refer
Figure 4) also increased from an uncut grade of 2.4g/t to 2.6g/t; Refer: Table A.
www.carrickgold.com
CGC CARRICK GOLD LIMITED
ACN 100 405 954
Level 9, 37 St. George’s Terrace, Perth, WA 6000
G.P.O. Box 2567, Perth, WA 6001
Tel: (08) 9225 5544 Fax: (08) 9225 5533
CG
Carrick Gold Limited 2
Drilling has continued and recent assay results not included above are shown in Table B with
drill hole locations in Table C.
At Copperline, 160m south of Parrot Feathers, high grade intercepts continue to be
discovered where the continuity of lode mineralisation has been better defined on a north
northwest grid ie. 330 degrees rather than a northwest grid (Refer: Figure 1). Two main gold
mineralised structures similar in form and orientation to the Parrot Feathers lodes are shown
in section (Refer: Figure 5) confirming the continuation of mineralised structures to the south.
In long section (Refer: Figure 2), the centre of high grade intersections (>1g/t) cluster along
apparent north dipping structures at Parrot Feathers, Copperline and Trial Pit. A south
dipping set of structures (conjugate structures) also can be seen at Parrot Feathers,
Copperline and the Trial Pit. It is interpreted that the intersection of these structures locates
the higher grade gold structures and thicker intersections. At Parrot Feathers the south
dipping conjugate structure or main gold mineralised corridor appears to trend approximately
340 degrees and at Copperline and Trial Pit approximately 330 degrees.
Resource modelling in three dimensional detail for mine feasibility work has not been finalised
and is continuing with a recently appointed resource geologist joining the team.
Central Structure
Similar geological structural and stratigraphic controls occurring on the Eastern Structure also
occur along the Central Structure. A north northwest gold mineralised corridor transects
metasediments including black shales north of the Neves Prospect and a granite stock
located to the south over a strike distance of approximately 1.3kms.
Drilling has encountered significant gold mineralisation at the New Discovery Prospect (north
of Neves Prospect) associated with the sediment stratigraphy which has folded around in a
west to west-northwest direction from Parrot Feathers. Development of sections using a
north-south grid rather than a north-west grid has improved continuity between sections and
down dip. Preliminary sections and assay results show the presence of two west dipping gold
mineralised horizons reflecting the Eastern Structure gold mineralisation structural controls.
The presence of strong gold mineralisation, alteration and widths of intersections indicates the
Central Structure will significantly increase the resource at Lindsays Project.
Infill RC drilling is continuing rapidly with diamond drilling expected to commence by the
middle of next month adding to the current resource.
Table A: Grade and ounce increase for two randomly selected sections
SECTION 1: 48380 North
(20-metre section)
DATE TONNES GRADE (g/t)
December 2007 56455 2.7
July 2008 57431 3.5
SECTION 2: 48490 North
(10-metre section)
DATE TONNES GRADE (g/t)
December 2007 39933 2.4
July 2008 41090 2.6
18200 18400 18600
47800
48000
48200
48400
48600
0 60 120 180
Scale 1:3000
45
Parrot Feathers
Copperline
Trial Pit
Lindsays Pr1o8j8e0c0t
Eastern Structure
Intersection Plan July08
Carrick Gold Ltd
RSGEO:
DRAWN:
SCALE 1:3000
DATE :7/07/2008
REPORT:
PLAN:
LEGEND
1 - 2g/t Au
2 - 4g/t Au
4 - 10g/t Au
>10g/t Au
Figure 1: Plan with intersections greater than 1g/t Au at Parrot Feathers, Copperline and Trial Pit
op erl n Sectio (se F g.5) C p i e n e i
Section 48380 N (see Fig.3)
Section 48490 N (see Fig.4)
30 g (3 de ree grid)
47900 48000 48100 48200 48300 48400 48500 48600 48700 48800
Trial Pit
Copperline Parrot Feathers
Lindsays Project
Carrick Gold Ltd
Eastern Structure
Intersection Long Section July08
RSGEO:
DRAWN:
SCALE 1:3000
DATE :27/07/2008
REPORT:
PLAN:
0
100
200
300
400
500
0 60 120 180
Scale 1:3000
LEGEND
1 - 2g/t Au
2 - 4g/t Au
4 - 10g/t Au
>10g/t Au
Structures
Figure 2: Long Section with intersections greater than 1g/t Au at Parrot Feathers, Copperline and Trial Pit
18350 18400 18450 18500 18550 18600 18650 18700
300
350
400
450
500
0 30 60 90
Scale 1:1500
Surface Parrot Feathers
Lindsays Project
Parrot Feathers
Section 48490 N
Carrick Gold Ltd
RSGEO:
DRAWN:
SCALE 1:1500
DATE :26/07/2008
REPORT:
PLAN:
3m @ 7.53g/t
inc. 1m @ 16g/t
4m @ 5.88g/t
4m @ 7.85g/t
inc. 1m @ 17.63g/t
4m @ 4.82g/t
inc. 1m @ 7.86g/t
3m @ 6.72g/t
inc. 1m @ 10.52g/t
18400 18450 18500 18550
300
350
400
450
500
0 30 60 90
Scale 1:1500
Parrot Feathers Surface
18600 18650
Lindsays Project
Parrot Feathers
Section 48380 N
Carrick Gold Ltd
RSGEO:
DRAWN:
SCALE 1:1500
DATE :26/07/2008
REPORT:
PLAN:
3m @ 2.54g/t
3m @ 4.59g/t
1m @ 92.47g/t inc. 1m @ 10.16g/t
1m @ 9.93g/t
2m @ 16.22g/t
2m @ 5.33g/t
5m @ 3.69g/t
inc. 1m @ 13.1g/t
3m @ 2.84g/t
3m @ 3.69g/t
inc. 1m @ 7.74g/t
3m @ 5.03g/t
350
400
450
500
0 20 40 60
Scale 1:1000
Surface
6m @16.3g/t
5m @25g/t
[email protected]/t
[email protected]/t
[email protected]/t
[email protected]/t
[email protected]/t
[email protected]/t
Copperline
Lindsays Project
Copperline Section
Carrick Gold Ltd
RSGEO:
DRAWN:
SCALE 1:1000
DATE :26/07/2008
REPORT:
PLAN:
10700 10750 10800 10850 10900 10950
Figure 3: Gold mineralised structures at Parrot Feathers - section 48380N
Figure 4: Gold mineralised structures at Parrot Feathers - section 48490N
Figure 5: Gold mineralised structures at Copperline
CGC CARRICK GOLD LIMITED
ACN 100 405 954
Level 9, 37 St. George’s Terrace, Perth, WA 6000
G.P.O. Box 2567, Perth, WA 6001
Tel: (08) 9225 5544 Fax: (08) 9225 5533
CG
Table B: Parrot Feathers Significant Intersections
Hole From To Width Grade Hole From To Width Grade
m m m g/t m m m g/t
PFRC614 19 21 2 0.59 84 87 3 2.09
23 24 1 0.43 95 96 1 1.63
26 27 1 0.35 PFRC636 29 30 1 0.49
31 32 1 0.66 52 53 1 0.45
PFRC616 14 15 1 5 60 65 5 5.55
PFRC617 19 20 1 1.18 76 77 1 0.33
PFRC619 58 60 2 2.32 87 89 2 1.01
PFRC624 62 64 2 0.35 PFRC638 59 60 1 0.95
67 72 5 0.72 67 70 3 0.53
77 78 1 7.13 PFRC639 14 19 5 25.07
83 84 1 0.71 85 87 2 0.5
89 90 1 2.59 102 103 1 0.97
106 107 1 2.21 PFRC640 18 19 1 0.86
PFRC625 43 44 1 0.32 35 37 2 0.72
62 63 1 0.47 59 60 1 0.55
74 75 1 1.54 PFRC641 45 46 1 0.35
86 87 1 0.67 48 49 1 0.94
91 92 1 8.34 121 122 1 7
95 96 1 0.89 PFRC642 9 10 1 1.29
PFRC626 72 73 1 0.88 23 25 2 4.75
74 83 9 2.3 43 45 2 1.85
92 95 3 0.43 46 47 1 0.43
PFRC627 4 6 2 0.49 70 71 1 0.3
75 79 4 2.98 76 77 1 1.22
81 82 1 0.32 78 80 2 0.36
87 90 3 2.55 PFRC644 11 12 1 1.58
97 98 1 0.75 79 80 1 1.13
107 109 2 1.64 PFRC645 24 26 2 0.43
PFRC628 11 12 1 0.8 120 122 2 1.16
67 68 1 1.47 PFRC646 49 50 1 0.42
82 83 1 0.65 104 105 1 0.59
86 91 5 5.18 PFRC647 26 28 2 0.81
PFRC629 51 53 2 0.34 46 47 1 0.36
84 86 2 5.98 PFRC648 48 49 1 0.66
88 90 2 2.03 73 74 1 3.48
92 93 1 7.96 83 91 8 2
97 102 5 3.21 PFRC649 66 67 1 1.63
PFRC630 84 85 1 0.65 78 86 8 2.38
86 88 2 2.28 PFRC650 59 60 1 0.4
99 100 1 12.37 PFRC651 85 86 1 0.86
PFRC631 3 4 1 0.7 88 90 2 0.63
66 67 1 0.51
87 88 1 1.35
PFRC632 71 72 1 0.38
84 85 1 0.46
PFRC633 67 68 1 0.32
79 82 3 4.23
PFRC634 41 42 1 1.8
PFRC635 38 41 3 2.54
58 59 1 92.47
74 76 2 8.11
77 78 1 0.34
CGC CARRICK GOLD LIMITED
ACN 100 405 954
Level 9, 37 St. George’s Terrace, Perth, WA 6000
G.P.O. Box 2567, Perth, WA 6001
Tel: (08) 9225 5544 Fax: (08) 9225 5533
CG
TABLE C: Parrot Feathers Collar Locations
Hole East North RL Depth Azi Dip
PFRC614 18443.73 48229.26 496.27 40 45 -90
PFRC615 18348.81 48250.07 496.38 60 45 -90
PFRC616 18300.14 48279.78 494.84 100 45 -90
PFRC617 18398.96 48347.24 498.1 70 45 -90
PFRC618 18429.25 48230.55 496.29 40 45 -90
PFRC619 18388.67 48270.25 496.32 60 45 -90
PFRC620 18363.04 48269.44 495.85 70 45 -90
PFRC621 18600.11 48319.89 495.34 50 45 -90
PFRC622 18612.57 48338.95 495.54 50 45 -90
PFRC623 18606.17 48329.67 495.49 50 45 -90
PFRC624 18549.96 48380.82 495.72 90 45 -90
PFRC625 18529.18 48400.14 495.81 110 45 -90
PFRC626 18539.58 48571.76 495.25 100 45 -90
PFRC627 18540.25 48548.37 495.92 110 45 -90
PFRC628 18534.45 48470.06 496.3 100 45 -90
PFRC629 18529.65 48611.03 494.71 102 45 -90
PFRC630 18530.05 48629.17 494.17 100 45 -90
PFRC631 18526.79 48649.39 493.98 110 45 -90
PFRC632 18530.3 48669.92 493.63 110 45 -90
PFRC633 18529.12 48350.37 496.62 110 45 -90
PFRC634 18490.33 48330.59 497.22 100 45 -90
PFRC635 18540.33 48379.79 495.9 100 45 -90
PFRC636 18559.24 48430.2 495.49 100 45 -90
PFRC637 18479.96 48299.58 496.04 110 45 -90
PFRC638 18484.89 48212.65 496.07 90 45 -90
PFRC639 18448.75 48206.27 496.44 90 45 -90
PFRC640 18399.82 48215.21 496.36 100 45 -90
PFRC641 18379.75 48220.18 496.4 100 45 -90
PFRC642 18397.78 48241.42 496.2 90 45 -90
PFRC643 18300.76 48259.81 495.08 140 45 -90
PFRC644 18349.35 48230.08 496.55 100 45 -90
PFRC645 18428 48240 496 140 45 -90
PFRC646 18440 48170 496 120 45 -90
PFRC647 18585 48630 496 100 45 -90
PFRC648 18540 48600 496 108 45 -90
PFRC649 18550 48590 496 100 45 -90
PFRC650 18590 48650 496 100 45 -90
PFRC651 18470 48280 496 120 45 -90
The information in this report which relates to exploration results, mineral resources or ore reserves Is based on information compiled by
Peter Paterson who is a Member of the Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists with a
minimum of five years experience which is relevant to the style of mineralisation and type of deposit under consideration and to the
activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of
Exploration Results, Mineral Resources, and Ore Reserves. Mr. Paterson consents to the inclusion in the report of the matters based on
his information in the form and context in which it appears. Mr. Paterson is an employee of Tarnwood Pty. Ltd. which consults to Carrick
Gold Limited.
BEVAN JAGGARD
Company Secretary