Intersects 23m At 1.61g/t From 84m At Edjudina Gold Project
Gibb River Diamonds Limited (ASX:GIB) has obtained promising results from a “highly successful” Phase 5 RC drilling programme at the Edjudina Gold Project in Western Australia.
This programme completed a total of 60 holes for 2,923m. A total of 1,154 samples were assayed as either one metre splits (765 samples) or as composite samples (389 samples), mainly 6.0 metre composites.
Blank, duplicate, standard and repeat samples were added as necessary to ensure data integrity for future resource calculations.
Due to the shallow and high-grade nature of the mineralisation at Edjudina, the exploration methods being used are extremely cost-effective. Importantly, Edjudina’s location, excellent logistics and proximity to an active haul road (to Northern Star’s Carosue Dam mill) all add to the potential for development of discoveries at the project.
Phase 5 RC Drilling
The Phase 5 RC drilling programme targeted the Neta and Perseverance Prospects. This programme further extended known mineralisation at Neta, successfully delineated new zones of significant mineralisation at Perseverance and generated new targets with some excellent gold intersections at both Prospects.
Executive Chairman, Jim Richards, said the Neta Gold Prospect is an exciting discovery which displays high grade mineralisation from surface, with grades, geometry and location which indicate potential for bulk open pit mining.
He said the Phase 5 drilling campaign has proved lode extensions to the high-grade core at Neta and also generated new targets for further drilling.
The most exciting aspect of the Neta Prospect is how the size of the mineralised body continues to grow and to how each iteration of drilling generates new targets. The Phase 5 drilling continued this trend.
Mr Richards said the ongoing drilling programmes at Edjudina continue to deliver high quality, complementary and wide mineralised gold intersections, with prospects continuing to grow in size.
The Phase 5 drilling campaign further extended known mineralisation at Neta, successfully delineated new zones of significant mineralisation at Perseverance and generated new targets at both Prospects.
The generation of the ‘Hinge Zone’ target at Neta represents an especially exciting target for the next round of RC drilling. The Perseverance Prospect results (including 4m @ 5.05g/t from 13m) also provides another excellent target area for follow-up drilling, with the discovery of the P2 Lode (2m @ 4.82g/t from 4m) providing outstanding potential.
Recent field mapping by GIB geologists has generated the Ace of Hearts Cover Target and this highly prospective area will be tested imminently, with aircore drilling scheduled to commence on November 2, 2021.
For further information please visit: http://www.gibbriverdiamonds.com/
