also:
- The drilling was designed to test a 3.5 km x 1.5 km gold-in-soil anomaly coincident with a highly prospective aeromagnetic structural setting.(gonna be a very substantial big one when proved)
These Phase 1 results have identified key controls on zones of higher grade gold mineralisation, highlighting priority targets for Phase 2 of the RC drilling programme, due to commence next week, with a further 1,500m of drilling planned.
below is relevant information to understand this Yandal gold projects:
The Yandal West gold project is located within the world class Yandal gold belt (fig 3), approximately 55km north of Bronzewing gold deposit (3.5Mozs) and 60 km south of Jundee gold mine (10Mozs). The Company acquired 100% of the Ives Find gold field and 80% of the Harris Find gold field in 2016 which is the first time that both goldfields have been consolidated into one project. Previously the area had a long history of fragmented ownership.
In February GTE undertook a limited RC programme at Ives Find to understand the nature of the gold mineralisation. The drilling intersected high-grade gold mineralisation within a promising geological setting that has similarities to other major gold deposits in the region including Bronzewing and Jundee (see ASX Release of 29 March 2017).
Satisfied that similar mechanisms observed at other significant gold deposits elsewhere in the Yandal belt are also present at Yandal West, the Company commenced a program of systematic exploration, starting with regional scale soil programme (Phase 1 soils – 640m x 80m) and detailed aeromagnetics (50m line spacing). Newexco Consultants were contracted to carry out the geophysical interpretation.
This work resulted in the discovery of a 9km gold-in-soil trend that contained a strong (> 20ppb) 3.5km long soil anomaly at an area known as May Queen. This anomaly is also coincident with a high priority aeromagnetic target identified by Newexco Consultants.
please check pages 4 that previous drilling at Ives finds have return several significant high grade hits:
including IFRC005 of 11m at @11.5g...
so todays finding of May Queen showed similarities with the gold mineralisation at Ives Find, located approximately 6km along strike and probably within the same structural corridor, where the company has also reported high grade gold results from drilling earlier this year..
all in all, GTE is onto something and they found golds in all 4 holes and really nice widths and really Shallow depths which can be easily mined Open pit so less Capex and Opex...
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- Ann: Greenfields Gold Discovery at Yandal West Project
Ann: Greenfields Gold Discovery at Yandal West Project, page-37
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