Golden drill result for Classic near Southern Cross

Classic Minerals latest drill program near Southern Cross has delivered in spades with a spectacular 10m drill intersection going nearly an ounce to the tonne gold from just 28m deep at the rapidly advancing Kat Gap prospect.

The new Kat Gap drill results included a 2m section grading a whopping 116.1g/t gold from 31m and the Lady Lila prospect delivered a 6m intersection going 9.57g/t gold from 26m down-hole.

The exciting new numbers come from Classic’s Forrestania greenstone belt project that is close to Southern Cross in Western Australia.

Other encouragingly wide intersections from Kat Gap included 9m @ 8.08g/t from 95m down-hole, including 1m @ 62.3g/t gold from 101m and 10m @ 4.18g/t from 26m down-hole, including 1m at half an ounce to the tonne from 31m. The results came from separate drill holes.

The RC drilling program at Kat Gap was conducted over 160m of strike and concentrated on the granite-greenstone contact, including several deeper holes drilled to test the down-dip and down-plunge potential.

According to Classic management, the Kat Gap gold mineralisation remains open in all directions.

At the Lady Lila banded iron formation-hosted gold ore system, drilling continued to yield exciting new results along strike, with the 6m @ 9.57g/t intersection from 26m down-hole, including a 2 metre section grading nearly 2 ounces to the tonne gold.

Additional new intercepts included 5m @ 3.07g/t gold from 65m down-hole, 12m @ 1.5g/t gold from 52m down-hole and 14m @ 2.15g/t gold from 74m down-hole from separate drill holes.

Drilling at Lady Lila has confirmed extensions of higher-grade gold mineralisation over at least 100m of north-south strike and that ore body remains open at depth.

Follow-up drilling will be undertaken to continue to grow the dimensions of this deposit.

Drilling at Lady Magdalene, produced narrow intersections of the targeted high-grade, east-west cross-cutting vein sets, including 1m @ 23.7g/t gold from 46m down-hole and 1m @ 7.74g/t gold from 34m down-hole in different drill holes.

The company said that further drilling will be conducted east of the recent drilling at Lady Magdalene, where it is thought thicker zones of gold mineralisation may exist.

Classic CEO Dean Goodwin said: “The Forrestania gold project … keeps on delivering fantastic results for Classic and its shareholders. … high-grade zones of mineralisation … have (been) encountered at each of the drill sites. They are all open along strike requiring … follow up.”

“Kat Gap is … shaping up nicely as a near surface high-grade gold deposit with some much remaining upside potential.”

“At Lady Magdalene … orientated drilling continued to prove the existence of … high-grade cross-cutting quartz veins.”

“Step out drilling along strike … north and south from historical RC holes has returned further encouraging results at Lady Lila. Mineralisation now extends over 100m with the system … hosted in banded iron formation, open in all directions.”

“We are planning to restart drilling at Kat Gap, Lady Magdalene and Lady Lila in late October. The program will … include follow-up drilling at Van Uden West …”