Auger Results Identify Anomalous Gold Over One Km
PVW Resources (ASX:PVW) has obtained anomalous results over one km of strike from auger drilling assays from its ongoing exploration programme near Kalgoorlie in Western Australia.
The auger drilling programme, which is testing prospective areas for near surface gold anomalism within licence E27/571, has returned significantly positive results. The results confirm the method of sampling and analysis are effective techniques for the region.
The company said a peak result of 246ppb Au and six other samples >60ppb Au represent a significant increase in the tenor of anomalous auger samples compared to historical soil samples that show an anomalous trend >12 ppb Au.
Recognition that the low order anomaly in historical data may be function of the medium sampled and / or the analysis technique used in 1995 suggests the areas previously sampled require further assessment. The auger anomaly may also be a new trend highlighted over the plagioclase / hornblende intrusive and surrounding volcanics. Elevated soil sample results from historic samples north of the PVW auger anomaly may indicate the continuation of a new anomalous Au trend.
Tenement E27/571 straddles the same stratigraphy that hosts the Gordon Sirdar Deposit to the southeast and is in the hangingwall to the Palm Gold Deposit (Mulgarrie Mining Centre) to the northwest.
Historic RAB drilling has tested only a small portion of E27/571, with the deepest hole to 60m drilled angled to the southwest on the southwestern edge of the auger anomaly, hence this hole and others in the programme have not tested the new anomaly.
Anomalous auger results in the southwest of the grid are controlled by a sheared shale unit, probably a silicified black shale at surface. The unit is variably pyritic and veined with brecciation and shearing indicating strong deformation. A small shallow RAB programme has partially tested this anomaly with no significant results.
Historical soil results north of the current auger drilling show low level anomalism, with three consecutive sample >12ppb Au on one line over 500m to the north.
The company said anomalous results are associated with similar geology to the Gordon-Sirdar gold deposit, polymictic conglomerate and plagioclase / hornblende porphyry mapped at both sites.
Auger drilling will re-commence immediately and continue until program completion. Drilling is underway on E27/614 and will return to E27/571 to extend the coverage with the Ultrafine analysis method and test along strike north of the new auger anomaly.
