White Cliff Minerals Limited (ASX: WCN) has released the results from drilling at its Reedy South Gold Project. Reedy’s sits within trucking distance of multiple existing operating gold plants, within this proven Goldfield in Western Australia.
Reedy South has an existing shallow JORC Code inferred mineral resource estimate of 42,400oz of gold. Encouragingly, the drilling has confirmed continuity of mineralization not only proximal to the existing JORC Mineral Resource but laterally along strike and at depth. WCN believes the results are very encouraging, confirming continuity of the mineralized system in all directions and importantly underneath the existing higher-grade resource.
“The drill programme, which was designed to test depth and strike extensions to the known mineralization at Reedy’s, has surprised us in terms of the scale of the newly identified structures which appear to be increasing in size in and around the existing resource and extend laterally for several hundred metres to the north and south. Whilst the campaign was designed predominantly as an exploration programme to expand our understanding of the Reedy’s shear zone and associated mineralization, Hole 6 for example (79m @ 1g/t) is extraordinary as it demonstrates the system is growing and continuing at depth. We will now review this new information in detail and determine what next steps can be taken including deeper drilling formulate to optimize value for our shareholders.” Stated Troy Whittaker, MD.
The RC drilling programme at Reedy South’s Pegasus prospect has successfully infilled, tested strike, and depth-extensions to the existing inferred 2012 JORC Mineral Resource. The style and controls on mineralization within the company’s Reedy South mining lease are like the Triton-South Emu goldmine immediately north of the project area. White Cliff believes there is scope to substantially grow the resource at Reedy South.
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