Targeting New Gold And Multi-Element Geochemical Soil Anomalies
Rincon Resources Limited (ASX:RCR) has commenced a new drilling campaign at its Laverton Gold Project in Western Australia.
Executive Chairman, Geoff McNamara, said the 5,000m Air Core (AC) drilling programme is aimed at defining gold mineralisation by drilling at four atarget reas.
GG Anomaly – Historical Rotary Air-Blast (RAB) intercept of 4m @ 1.55g/t Au from 21m (refer Prospectus dated 18/12/2020) associated with the GG multi-element soil geochemical anomaly;
Area 1 – Historical RAB intercept of 7m @ 15.95g/t Au from 21m;
Area 2 – Multiple historical RAB and AC drill hole anomalies >0.1g/t Au (best Au downhole) over 800m of strike, associated with the interpreted southern extension of a Banded Iron Formation (BIF) sequence that hosts the Gladiator Gold deposits to the north of the project (including an historical intercept of 1m @ 1.45g/t from 54m)
Area 3 – Several historical RAB drill hole gold anomalies >0.1g/t Au (best Au downhole) over 250m of strike, associated with the interpreted southern extension of the BIF sequence that hosts Gladiator deposits to the north.
“We are delighted to have commenced our maiden 5,000m AC drilling programme at our Laverton Gold Project,” Mr McNamara said.
“Historical intercepts and soil sampling results from Laverton have identified multiple anomalies, highlighting the association of gold and cross cutting north-west trending faults at Laverton.
“These anomalies highlight the prospectivity of the Laverton Gold Project, which will be drill tested by this maiden AC drilling programme.”
