Ann: Golden Gate Exploration Update, page-5

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kovey

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29/05/18

10:11

Post #: 33347913
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Originally posted by bevter ↑

Outstanding oxide drilling results
show potential to build critical mass
of high-grade ounces at Golden Gate
Standout results from reconnaissance RC drilling across multiple
new prospects, point to near-term opportunities to delineate
high-grade oxide resources
• The Golden Gate Mining Centre, located 35km from the
Nullagine processing plant, was last mined in 2013, producing
55,952oz at an average grade of 2.58g/t Au. It was one of the
highest-grade open pit oxide ore sources ever mined at
Nullagine.
• Highly encouraging results received from a recent 160-hole
Reverse Circulation drilling program, highlighting the potential
to delineate new oxide Resources at Golden Gate.
• Drilling of new prospects which were outlined by rock chip
sampling and mapping earlier this year, has returned the
following outstanding drilling results:
Kestrel Prospect
• 9m @ 28.47g/t Au from 5m including 3m @ 83.23g/t Au
• 1m @ 15.4g/t Au from 18m
• 1m @ 9.67g/t Au from 49m
• 3m @ 1.32g/t Au from 49m
Goshawk Prospect
• 2m @ 9.8g/t Au from 7m including 1m @ 16.6g/t Au
• 9m @ 3.97g/t Au from 27m including 2m @ 7.49g/t Au
• 2m @ 9.04g/t Au from 8m including 1m @ 17.4g/t Au
• 2m @ 5.36g/t Au from 37m including 1m @ 9.87g/t Au
Kite South Prospect
• 4m @ 6.81g/t Au from 9m including 2m @ 10.35g/t Au
• 5m @ 1.29g/t Au from 10m
• 7m @ 7.63g/t Au from 41m including 3m @ 15.32g/t Au
Ibis Prospect
• 9m @ 3.69g/t Au from 31m including 1m @ 10.6g/t Au
and 1m @ 14.0g/t Au (GGX0032)
• Results awaiting for four additional holes
• Interpretation of all the results is underway with a view to
designing follow-up drilling programs aimed at establishing
JORC Maiden Mineral Resources.

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with these very encouraging initial results why the price drop this morning?

MOY Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Ann: Golden Gate Exploration Update, page-5

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