Classic hits 2 ounce dirt at Kat Gap
Classic Minerals managed to squeeze in a few priority RC drill holes at its Kat Gap project near Southern Cross in WA before being impeded by restrictions arising from coronavirus. New results show that gold mineralisation at Kat Gap is still open in all directions and very high grade with latest drill numbers showing 3 metres grading 62.10 grams per tonne gold from 36m, including a single metre grading a whopping 181g/t gold.
The company said that drilling was focused on both the northern and southern extents of Kat Gap, with the 62g/t gold result coming from a line of holes right at the northern extent of the deposit.
Classic also said that no known drilling has occured to the north, which presents a wide open blank canvas for Classic to fill in.
Gold mineralisation now spans 600m in strike at Kat Gap and better results from the southern-most drill line include 10m grading 1.48g/t from 24m and 1m grading 9.64g/t gold from 19m.
Classic CEO Dean Goodwin said: “We hit a broad 10m thick zone of supergene gold mineralisation well out into the granite which we weren’t expecting.”
“That’s telling us that there’s probably something substantial lurking out in the granite itself, well away from the granite-greenstone contact. It’s very exciting.”
Classic also managed to get some infill RC holes in, to test the nature of the high grade mineralisation at Kat Gap, which will also provide a base line confidence in the data prior to any future resource calculation.
The best results from the infill drilling include 13m grading 2.05g/t from 25m and 4m grading 8.48g/t gold from 50m, with the latter result also including a 1m section going an ounce to the tonne gold.
Kat Gap is located about 70km south-southeast of the ASX listed company’s flagship Forrestania gold project, where a tidy resource of 7.27 million tonnes grading 1.33g/t contains nearly 312,000 ounces of gold. On a map. Forrestania sits neatly between Southern Cross and Ravensthorpe in WA.
Prior to the concerns around the coronavirus setting in, Classic had drilled 23 holes for 1,449m from its original plan for 48 holes for 3,200m.
As soon as the pandemic crisis is over, Classic will be back in the field, and it will be curious to see just what might be hiding in the granite – an unusual occurrence given that most deposits occure on granite-greenstone contacts but mostly into the greenstone.
Anything with unusual geology can be cause for excitement in the exploration business driven by the anticipation of the great unknown.
Is your ASX listed company doing something interesting ? Contact : email@example.com
Classic Minerals (CLZ)
Closing price for the last 90 trading days
Powered by Morningstar ®