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OUTSTANDING WIDE HIGH-GRADE GOLD INTERCEPTS AT THEIA POINT TO FURTHER RESOURCE UPSIDE
In-fill and extensional diamond drilling at Theia has returned broad zones of high-grade gold mineralisation including exceptional high-grade gold intercepts of 1 metre at 199g/t Au and 0.3 metres at 211g/t Au further demonstrating the presence of a high-grade assay population in the deposit.
HIGHLIGHTS
A six-hole diamond drill (DD) program was completed at the cornerstone Theia deposit at the Mandilla Gold Project during November. Assay results have been received from three DD holes, with best results including:
In DD hole MDRCD828, 304 gram-metres of gold over the length of the hole including:
39 metres at 5.43g/t Au from 279 metres including 1 metre at 199g/t Au from 279.6 metres; and
8 metres at 8.76g/t Au from 386 metres including 0.3 metres at 14.6g/t Au from 386 metres and 0.3 metres at 211g/t Au from 391 metres.
In DD hole MDRCD829, 147 gram-metres of gold over the length of the hole including:
9 metres at 1.71g/t Au from 111 metres (previously reported as an RC pre-collar);
5.4 metres at 1.81g/t Au from 135 metres including 0.3 metres at 18.5g/t Au from 135.7 metres;
8 metres at 5.37g/t Au from 177 metres including 0.8 metres at 11.4g/t Au from 177.5 metres and 1.0 metre at 28.6g/t Au from 180 metres; and
13.4 metres at 2.87g/t Au from 367 metres including 1 metre at 28.9g/t Au from 374 metres.
In DD hole MDRCD827, 100 gram-metres of gold over the length of the hole including:
50 metres at 0.95g/t Au from 12 metres including 1.0 metre at 10.2g/t Au from 49 metres (previously reported as an RC pre-collar);
32.6 metres at 0.80g/t Au from 306 metres including 0.55 metres at 23.6g/t Au from 322 metres; and
16.6 metres at 0.83g/t Au from 377 metres including 0.3 metres at 15.2g/t Au from 390.2 metres.
DD holes MDRCD828 and MDRCD829 successfully targeted a deep sulphide-rich high-grade shear zone previously intersected in MDRCD660, MDRCD735 and MDRCD751, further confirming the lateral extent of this feature. Both drill holes also extended typical thick, moderate grade Theia-style mineralisation at depth.
DD hole MDRCD827 successfully targeted a southern extension of the Theia deposit at depth.
Assay results for a further three DD holes (955 metres) at Theia remain outstanding and are expected early in the New Year.
Assay results for a three-hole (495 metre) DD program at Kamperman (Feysville) are also pending and expected early in the New Year.
Air-core (AC) and Reverse Circulation (RC) drill programs are expected to commence at Feysville early in the March 2024 Quarter.
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