Spartan Resources Limited (ASX: SPR) has reported drilling and assay information from recent drilling at its wholly-owned Glenburgh Gold Project (GGP) and Egerton Gold Project (EGP), together the Gascoyne Regional Project, in Western Australia.
“I am very pleased to present assays that continue this high-grade theme with some impressive drill intercepts at both of our non-core Glenburgh and Egerton Gold Projects, which make up our Gascoyne Region Gold Project,” commented Spartan CEO and managing director, Simon Lawson.
“While these projects are non-core given our concerted focus on building the high-grade gold ounce inventory in front of our process plant at Dalgaranga, we have had to complete some drilling on them to maintain them in good standing over the past 12 months.”
Highlights for the GGP include resource extension drilling at the high-grade Zone 126 gold deposit, which returned:
- 12.0m @4.40g/t gold from 157.0m, including 5.0m @9.10g/t
- 4.0m @6.0g/t gold from 191.0m, including 1.0m @20.80g/t (GRC22002)
- 6.0m @6.40g/t gold from 145.0m (GRC22003)
- 13.0m @5.33g/t gold from 137.0m, including 5.0m @8.70g/t (23GBRC003)
Highlights for the EGP include exploration drilling at the Hibernian West target, which returned 4.0m @91.91g/t gold from 36m, incl. 1.0m @363.00g/t (MERC083); and the Mako target, which returned 17.0m @5.85g/t gold from 36m, incl. 2.0m @19.58g/t (MERC092).
The Gascoyne Regional Project has a declared mineral resource estimate (MRE) of 16.57Mt @1.01g/t for 537,100oz Au. The GGP has an MRE of 16.3Mt @1.0g/t for 510,100oz gold spread across a number of individual deposits along a ~20km long strike of mineralization.
Spartan Resources Limited is a gold company which is currently undergoing a transformational restructure and repositioning as an advanced exploration company with a rapid pathway back into production at its Dalgaranga Gold Project in Western Australia.
For further information, please visit: www.spartanresources.com.au
To read more articles like this, please visit: www.theassay.com
