Mobilises Rig For Golden Jacket Campaign
Outback Goldfields Corp. (CSE: OZ) has commenced diamond drilling at the Golden Jacket target on its Yeungroon property, central Victorian Goldfields, Australia.
“We are excited to be commencing this multi-faceted drill program at Yeungroon with focused diamond drill holes at the historic Golden Jacket mine,” CEO, Chris Donaldson, said.
“These initial holes are designed to test for extensions of reef-hosted gold mineralisation as well as to provide valuable insights into structural controls along the highly-prospective Golden Jacket fault.
“The data gathered from this programme, together with data from the upcoming property-wide RAB drill program, will help focus future exploration efforts across the property.”
The company has mobilised a diamond drill rig to commence a focused drilling programme consisting of four planned holes designed to test the high-grade gold potential along strike and below the historic Golden Jacket mine,
The Golden Jacket mine is associated with the property-scale, northwest-trending Golden Jacket fault which transects the property for over 30 km of strike length. Historic small-scale production from the Golden Jacket mine was reportedly 1,400 ounces of gold at approximately 250 grams per tonne1.
The planned drill holes at the Golden Jacket mine will represent the first ever drill holes to investigate the structural controls on quartz reef-hosted mineralisation along the fault.
The company is also finalising the first collar locations for a large RAB (rotary air-blast) drilling programme along the Golden Jacket fault and interpreted parallel structures. The RAB programme will consist of a series of long east-west traverses of closely spaced shallow holes designed to test the bedrock below post-mineralisation cover rocks.
Geochemical and lithological data from the RAB programme together with structural data from the Golden Jacket mine drilling will be used to inform further drilling and geophysical interpretation along the structure and to identify and prioritise areas for systematic follow-up.
Outback Goldfields Corp. holds a package of four highly prospective gold projects located proximate and adjacent to the Fosterville Gold Mine in Victoria, Australia. The Goldfields of Victoria, Australia are in the midst of a modern-day gold rush and are home to some of the highest grade and lowest cost mining in the world.
For further information please visit: https://outbackgoldfields.com/
