Gold Anomaly Limited report that the results from NEV027 (except base metal results from 500m - 840m) has now been received and analysed, with the highlight being the pervasive nature of gold mineralization through the overlying Nevera volcanics and intrusions and down through the entire Chim Formation to its boundary with the deep porphyry at 1046m depth, after which the gold values drop off. The top 1,046m of the hole averages 0.25 g/t Au (no cut-off grade "COG" applied), which can be separated into a large number of significant zones of 0.25 to 1.0 g/t Au if a COG of 0.20g/t Au is applied.
Highlights 1. Potential for multiple major mineralization events now identified 2. Deepest level of gold mineralization seen at Crater Mountain to date with the top 1,046m of the hole averaging 0.25 g/t Au (no COG applied) 3. Extends gold mineralization identified at depth by approximately 500metres 4. Extends gold mineralization by approximately 200metres to the south of the mixing zone 5. Porphyry intrusion intersected at 1,046m is considered to be an apophysis (arm) of the major deep intrusion responsible for baking the Chim Formation 6. Very strong base metal and silver mineralization seen throughout the top 1,046m of the hole 7. Increased copper seen from the commencement of the porphyry intrusion highlights the potential for increased copper grades at greater depth
NEV027 results differ from earlier drill holes in the persistence of gold mineralization to a depth of more than 1,000m before terminating against a strongly veined but non-gold-bearing apophysis (peripheral arm potentially comprising a separate phase) of the major deep intrusion baking the Chim Formation. The great size of the intrusion is highlighted by the massive zone of altered sediments "the baked Chim Formation" (caused by heat from the intrusion which is a large central body considered likely to be surrounded by multiple peripheral porphyry apophyses such as intersected in NEV027 resulting from the final successive phases of porphyry development and mineralization as the central body cools) and starts at approximately 385mdown hole depth down to the intrusion at 1,046m.
The Company considers the persistence of gold mineralization to this previously unseen depth indicates that, whilst the gold in the mixing zone drilled in earlier holes is "suspended" at higher elevation under the prospect ridge and remote from its original deep source, the gold at depth in NEV027 is more directly related and closer to this source. It is thought that the source may be a different phase of porphyry apophysis of the main intrusion than that intersected by NEV027 or related to other activity in the regional deep crustal fractures hosting the intrusions.
NEV027 results are the deepest that gold has been intersected at Crater Mountain and highlight the sheer size of the mineralization and alteration systems at the Nevera Prospect. NEV027 is located approximately 200 metres south of the existing announced mixing zone resource boundary. Gold mineralization is now seen some 500m lower than previous drilling.
