Some stuff from GIB 17 August 2021 Gibb River Diamonds Limited...

Some stuff from GIB 17 August 2021

Gibb River Diamonds Limited (‘GIB’ or the ‘Company’ is pleased to announce a Mining Lease has been applied for at the Neta Prospect, a part of the  Edjudina Gold Project (GIB 100%) in Western Australia.   

This Mining Lease application, M31/495, covers an area of 63.6 hectares and includes the recent GIB gold discovery at the Neta Prospect. The pegging of this lease indicates the  confidence  that  the  Directors  of  GIB  have  in  the  quality  of  the  Neta  Lodes  gold discovery.  

GIB is endeavouring to expedite the grant of this  Mining Lease through  due process, which includes Native Title.

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Taken from HAW

As announced to the Market on 30 June 2021 and following the grant of a POW by the W.A. DMIRS  the  Company,  on  2  July  2021,  commenced  a  600m  Reverse  Circulation  (RC)  drill  campaign to investigate potential extensions of mineralisation into Hawthorn’s M31/481, which is contiguous to Gibb River Diamond’s (ASX: GIB) Neta Project, with the Carlsen lode as the focus of the RC drilling campaign. (Refer Figure 1Project location map)
  
ABN 44 009 157 439
Level 2, 90 William St  
Melbourne Victoria 3000  
Australia  

Telephone: +61 3 9605 5950

Email: [email protected]
www.hawthornresources.com

The program of Reverse Circulation drill holes, conducted from 2 to 4 July 2021, completed testing the area immediately south of the recently discovered Carlsen Lode made by Gibb River Diamonds in air core drilling last October; refer to GIB ASX announcement 8 October
2020; refer Table 1 Drilling Summary.  

The six-hole program for 612 meters showed only weak intercepts in the southern extension of this lode. The best grade intersections of 1.32g and 4.74g were made in hole 21EDRC002 drilled just south of the Mining Lease boundary with the GIB lease. A wider intersection was
seen in hole 21EDRC004 of low-grade quartz-pyrite mineralised lode grading 0.45g between34 and 35 meters and a deeper lode of 0.5g over 2 meters between 46-48 meters.  

It appears that the Carlsen lode has weakened south along strike from GIB hole AC013.
Refer Fig 2, Drill hole collar plan and Table 2. Downhole drilling intercepts >0.2g/t gold.

Future RC drilling will now be focussed further east testing near surface and deeper sections of the Neta Lode which was the target of underground historic mining via the Geneve and Senate shafts on lease ML481 Whilst much of the past RC drilling by the company has tested this area
the holes are widely spaced and require in-fill testing. Also, no deeper diamond drilling has been conducted which is needed to test such deep targets at a depth of 200 meters below surface. It is expected that such a program will be conducted in the coming year.

Big question which year
this year 2021 or
2022 or
2023

so what is the go?

cool that ya made a post about this @robbo24