Connect with us

Hi, what are you looking for?

Smart Success Strategy – Investing and Stock NewsSmart Success Strategy – Investing and Stock News

Editor's Pick

Deep Drilling Hits Visible Gold Over 1km Deep Below Never Never Gold Deposit

Spartan Resources Limited (ASX: SPR) (Spartan or the Company) is pleased to report updated drilling and assay information from recent drilling at its 100%-owned Dalgaranga Gold Project (“DGP”) in the Murchison region of Western Australia.

Highlights:

Never Never Gold Deposit

20+ metres of “typical Never Never-style” mineralisation intersected from 1,034m down- hole, including trace visible gold noted at 1,046m and 1,050m (DGDH064) – assays pending:Intercept located ~400m down-plunge from the current 0.95Moz Never Never Mineral Resource Estimate (“MRE”).12.54m @ 14.32g/t gold from 570.91m, including 2.52m @ 67.49g/t (DGRC1430-DT):Intercept located within the Inferred Resource classification extent of the current 0.95Moz MRE – targeting conversion of Inferred to Indicated.13.75m @ 10.08g/t gold from 667.00m, including 3.00m @ 38.10g/t (DGRC1429-DT):Intercept located at the base of the Inferred Resource classification extent of the current 0.95Moz MRE – targeting conversion of Inferred to Indicated.12.80m @ 8.13g/t gold from 603.00m, including 1.00m @ 96.47g/t (DGDH055)Intercept located at the base of the Inferred Resource classification extent of the current 0.95Moz MRE – targeting conversion of Inferred to Indicated.

Sly Fox Gold Deposit

23.60m @ 2.45g/t gold from 457.40m, including 7.00m @ 4.07g/t (DGRC1408-DT):Intercept located ~90m west and along-strike of the existing Sly Fox MRE.24.00m @ 1.58g/t gold from 250.00m, including 7.00m @ 3.24g/t (DGRC1436)Intercept located ~60m to the west along-strike and ~50m down-plunge of the existing MRE.

Please Note: Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. Assays for DGDH064 are expected in April 2024, following detailed structural, lithological and geotechnical data collection.

The assays in this release include significant intercepts from exploration and resource extension drilling at the high-grade Never Never Gold Deposit, West Winds Gold Prospect and the Sly Fox Gold Deposit.

Please Note: Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. Assays for DGDH064 are expected in April 2024, following detailed structural, lithological and geotechnical data collection.

Click here for the full ASX Release

This post appeared first on investingnews.com
Enter Your Information Below To Receive Latest News, And Articles.



    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    The energy revolution is here to stay, and electric vehicles (EVs) have become part of the mainstream narrative. Despite geopolitical tensions and uncertainty, the...

    Editor's Pick

    Overview Mexico’s Sinaloa state hosts a number of prolific silver and gold mines, including McEwen Mining’s (TSX:MUX) El Gallo Complex, Americas Gold and Silver’s...

    Editor's Pick

    Uranium is an important energy sector commodity, and its rising value has attracted investor interest. 2023 has seen uranium prices solidly above the important...

    Investing

    A new survey shows that the presidential race between former President Donald Trump and President Biden is thin, but Biden faces a deficit in...

    Disclaimer: smartsuccessstrategy.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 smartsuccessstrategy.com