Burdekin Pacific Limited ASX Announcement – 7 October 2004 1 Burdekin Pacific Limited
A.C.N. 059 329 519 7 October 2004
More High Grade at Paro Prospect;
Drilling to Accelerate
Following a two and a half week scheduled maintenance break by the contractor, RC drilling resumed during the course of the last week at the Paro Prospect, located 650 metres north of the main deposit at Mineral Hill.
Hole PARC012 on section 5750mN, the first hole from which assay results have been received since the resumption of drilling, returned an intercept of
5m @ 27.43 g/t Au from 57m
– including 1m @ 116.5 g/t Au from 57m.
This hole was targeted to intersect mineralisation below previously reported Hole PARC006, (ASX announcement 27 August 2004) which returned 4m @ 19.82 g/t
Au from 51m (see attached figure). Hole PARC012 also intersected zones of mineralisation west and east of the central high grade core, across a zone of alteration widening with depth. Each of the central, western and eastern zones of mineralisation is open at depth.
This zone is 50 metres south of Hole PARC002 that returned 19m at 5.58g/t Au from a depth of 18 metres (true width 4.2m) at section 5700mN (ASX announcement 8 September 2004).
Based on these results, the Company believes that deeper drilling is warranted to confirm the structure and distribution of the gold in this part of the system. Several additional holes, including at least one diamond hole, will be added later in the current programme to better assess the distribution and structural setting of the high grade gold mineralisation which appears to be increasing with depth.
Drilling to Accelerate
The Company plans to accelerate completion of the remaining infill drill programme at the main deposit at Mineral Hill with the addition of a night shift expected to commence by mid to late October. Due to safety considerations this was not possible at the less accessible target areas within Mining Lease SML 57 previously drilled in the campaign.
Yours faithfully
Burdekin Pacific Limited
Jerome G Vitale
Director and Chief Executive
Burdekin Pacific Limited
ASX Announcement – 7 October 2004 2
Burdekin Pacific Limited – RC Drilling Results, 7 October 2004
Hole ID
(Dip ExtensionHole)
Easting Northing RL Azimuth Dip Depth Intersection
2004PARC0012 15108 5750 345 090 -60 102
1m @ 1.02 g/t Au from 31m
6m @ 1.82 g/t Au from 43m
5m @ 27.43 g/t Au from 57m
(including 1m @ 116.5 g/t Au from 57m)
3m @ 1.26 g/t Au from 73m
1m @ 1.00 g/t Au from 77m
N.B. Results are from 1m splits from RC drilling using a face sampling hammer, and samples have been fire assayed onsite by independent laboratory managers SGS.
Assume intersections are approximately 0.8x true width for PARC holes.
Note: The technical aspects of this communication pertaining to the Mt Kasi project have been compiled by Mr Craig R Hall, MAusIMM, MAIG. Mr Hall is an employee of a subsidiary of Burdekin Pacific Limited and has sufficient expertise 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 Australasian Code for Reporting of Mineral Resources and Ore Reserves. Mr Hall consents to the inclusion in this report of the matters referred to based on the information being in the form and context in which it appears.
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