Auger drilling at Classic Minerals Limited’s (ASX. CLZ) Kat Gap project has delivered a substantial gold anomaly within the company’s its Forrestania Gold Project (FGP) in Western Australia.
The company completed a total of 310 auger holes at the Kat Gap project with the new anomaly located in the granite west of the main granite- greenstone contact where Classic has identified an inferred gold resource of 975,722t at 2.96g/t for 92,856 ounces.
CEO Dean Goodwin said Kat Gap is strategically located approximately 70km south-south east of the company’s Forrestania Gold project containing the Lady Magdalene and Lady Ada gold resources.
This new high-grade auger soil gold anomaly is well out into the granite and represents an exciting new development for the Kat Gap Project,” Mr Goodwin said.
“We have been looking west out in the granite for a while now and wondered what might be lurking out there.
“We finally bit the bullet and sent an auger rig out west to test the granites surface soil for gold. We are pretty happy with what we’ve found so far.
“The gold is at a very high level of concentration for an auger soil anomaly suggesting something substantial maybe hiding underneath.
“Given the gold is in all types of surface material including sand, gravel and clay the anomaly is most likely insitu and not transported in from another location.
“Also, the current landforms out in the granite are at a higher level than the main granite-greenstone contact zone where we have been getting all our gold to date.
“This is further evidence for the soil anomaly being generated from gold mineralisation directly beneath in the granite and not from the inferred resource on the main contact zone.
“I can’t wait to get out there and start drilling!
Classic drilled a total of 310 auger holes to a maximum depth of approximately 70cm on a 50m x 50m grid directly west of the main drilling area at Kat Gap. The programme was designed to infill existing historical auger soils which were on a 200m x 50m grid pattern. The aim of the programme was to help with pattern recognition in the surface soils to aid in future planning of follow-up RC drilling.
The programme returned five samples above 1000ppb (1.0g/t) with a maximum grade of 2130ppb (2.13g/t). The main gold anomaly is 900m long and has a width of up to 500m and is located well out in the granite west of the main drilling area at Kat Gap.
Recent drone contour surveys of the project area show the main landforms over the granite are at a higher ground level than relatively flat surfaces covering the main resource area.
Classic says these landforms would suggest the auger soil gold anomaly probably formed from gold mineralisation directly beneath in the granite and not transported in from the gold resource on the main granite-greenstone contact. Also, gold has been found in all types of materials covering the granite (sand, sandy pisolitic gravel and clay) suggesting the anomaly is most likely in-situ and not transported in from another location.