Figure it out yourself. Don't want to be a "downramper"ASX...

Figure it out yourself. Don't want to be a "downramper"
ASX Announcement
FINAL BURRAGA DRILLING RESULTS PROVIDE CONTINUING HIGHLY
ENCOURAGING RESULTS
KEY POINTS
♦ Best intersections of: -
o 5.8 metres at 0.50% Cu, 0.10% Zn, 3.4 g/t Ag & 0.05 g/t Au,
o 2.0 metres at 0.52% Cu, 4.5 g/t Ag & 0.56 g/t Au,
o 2.0 metres at 1.13% Zn & 2.5 g/t Ag,
o 22.0 metres at 0.14% Zn & 1.7 g/t Ag, including 8.0 metres at 0.23% Zn,
0.12% Pb & 3.4 g/t Ag,
o 26.0 metres at 0.14% Zn, 0.14% Cu, 2.9 g/t Ag & 0.06 g/t Au, including
6.0 metres at 0.31% Cu, 0.40% Zn, 5.0 g/t Ag & 0.06 g/t Au, and
o 2.0 metres at 0.60% Zn, 0.41% Pb & 5.2 g/t Ag
♦ A range of base & precious metals mineralisation, copper (Cu), zinc (Zn), lead
(Pb), gold (Au) and silver (Ag), was encountered in nine of the ten holes sampled.
♦ Best individual analyses from these last results of 1.31% Zn, 0.60% Pb, 0.91%
Cu, 0.56 g/t Au and 28.6 g/t Ag
♦ The 5.8 metre intersection equates to 1.53 g/t Au at current metal prices and the
2.0 metre Cu intersection equates to 2.04 g/t Au
♦ These new analysis results extend the base and precious metals mineralisation
encountered from this drilling programme from a strike length of 850 metres to
2,400 metres on the western limb of the syncline
♦ A Stage 2 drilling programme is now being designed, incorporating these recent
results in a computerised geological model
The Board of Republic Gold (“Republic” or the “Company”) today announces that it has received
the last batch of analysis results from the recently completed drilling programme at the 75%-
owned Burraga Copper Project that is located in mineral-rich Central New South Wales.
The results continue to confirm the potential for a large scale body of mineralisation at Burraga
and extend the mineralised strike length from 850 metres as defined by the early results of this
drilling programme to over 2,400 metres.
These analysis results continue to confirm the polymetallic nature of Burraga and show that there
is a zonation of metals apparent, with the drillholes at the southern end exhibiting more zinc and
silver.
Republic Gold’s recently appointed Technical Director, Mr Neb Zurkic said “I visited Burraga for
the first time this week and saw extensive evidence of chalcopyrite (copper) mineralisation on the
surface, in the vicinity of the Excelsior Shaft. The potential scale of the project is evident from the
old workings and the results that the Company has achieved to-date. The positive drilling results
occurring over a strike length of 2,400 metres is impressive. My next task now is to look at
finalising a geological computerised model so that the controls on the mineralisation and the
geometry of the mineralised structures can be better understood. With this done we can finalise
a Stage 2 drilling programme.”
Figure 1 below shows the postulated geological model for Burraga. Figure 2 below shows the
drillhole locations on a plan showing the old workings and the coincident aeromagnetic
anomalies.
As noted above, Burraga is a large target. The main historic producing mine, the Lloyd’s Mine, sits
in the centre of the 4 kilometres of strike and was mined as a shoot over a down plunge length of
approximately 550 metres. The high grade vein that was mined varied in width from 0.5 to 3
metres. This was contained within a lower grade zone up to 20 metres wide, defined by drilling in
the 1980s and earlier. The results of the new drilling have significantly extended the dimensions
of this lower grade zone, with low grade lead and zinc results particularly, extending right from the
surface to the top of the old mine workings. The other main producing mine at Burraga was the
Sprague’s Mine. One successful hole (RCR006), was drilled into this area which is located on the
eastern limb of the syncline.
A total of 1,379 metres in 11 holes, comprising 787 metres of RC and 592 metres of diamond
drilling was completed in the programme. Drilling intersections quoted are all downhole widths,
which in general are targeted to intersect mineralised zones at angles of greater than 30°, i. e.,
approaching perpendicular as far as practicable.
The Stage 2 drilling programme is now being planned following the receipt of these last remaining
analysis results. This Stage 2 programme will see drillhole RCR-008 redrilled to reach its target
depth of 300 metres. This hole was abandoned in the Stage 1 programme at 150 metres when it
had deviated off target too far. The results give the Company significant confidence to pursue this
deeper target zone. The table below shows the complete details of the Burraga drilling
programme.
The Burraga exploration licence is owned in partnership with Republic’s 25% joint venturer, Astor
Consultants Pty Limited.