Carawine Resources Limited (ASX:CWX) has identified shallow, high grade gold mineralisation in the first round of assay results from an 18-hole follow-up RC drilling programme at the Big Freeze prospect in Western Australia.
The newly discovered mineralisation lies adjacent to the same structure that hosts the Atlantis and Hercules gold prospects.
Big Freeze is within the Neale tenement, part of Carawine’s Thunderstruck Joint Venture in its Tropicana North Gold Project, located in the north-eastern Goldfields of Western Australia.
The Neale tenement also covers the company’s advanced Hercules and Atlantis gold prospects, located eight km and one km along strike from Big Freeze respectively.
The company has received assay results from 14 RC drill holes of an 18-hole programme designed to test for high-grade gold mineralisation within a 900m-long, continuous zone of gold mineralisation above 1g/t Au previously identified from wide-spaced drilling parallel and adjacent to the Hercules Shear Zone.
Highlight results include:
- 5m @ 18.2g/t Au from 38m, including 1m @ 85.5g/t Au from 38m (TNRC058);
- 1m @ 2.47g/t Au from 136m (TNRC053); and
- 7m @ 0.53g/t Au from 101m including 1m @ 1.65g/t Au from 107m (TNRC050)
Assay results from the remaining four RC holes at Big Freeze, and an additional two RC holes drilled at the Beanie prospect, are expected within the next two weeks.
“This follow-up drilling program was designed to explore for shallow, high-grade mineralisation within a much larger gold trend at Big Freeze,” Managing Director, David Boyd, said.
“Today’s discovery has done exactly that, proving the success of our exploration methods and supporting our confidence in the potential of the Tropicana North Gold Project to yield multiple deposits.
“We look forward to receiving assay results from the rest of the program and planning additional drilling at Big Freeze, as well as further results from our ongoing drilling at the Hercules prospect just 8km to the north-east.”
Big Freeze
Carawine’s first RC drilling programme at Big Freeze, completed in August 2021, was designed as an initial test of anomalous drill hole gold intervals identified from regional air core drilling by Carawine and historic data.
This programme was successful in defining a 900m-long, continuous zone of gold mineralisation above 1g/t Au in wide-spaced drilling, within a wider +0.3g/t Au drill hole anomaly and a much larger +10ppb Au anomaly extending along the Hercules Shear Zone.
The size and grade of the gold anomaly at Big Freeze is considered highly significant in both a local and regional context, warranting further follow-up drilling.
For further information please visit: http://www.carawine.com.au
