30/07/2021 - 08:47

White Cliff chalks up more Reedy South gold targets

30/07/2021 - 08:47

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White Cliff Minerals has identified a smattering of new drill targets at its Reedy South gold project in WA following a fruitful soil sampling program across key prospects. The company returned a maximum gold value of 137ppb after gathering 383 additional soil samples covering areas south and west of its previous sampling at the McCaskill’s Hill and Cracker Jack deposits and the southern portion of the Pegasus deposit.

ASX-listed junior explorer White Cliff Minerals has identified a smattering of new drill targets at its Reedy South gold project about 40km north of Cue in WA’s Murchison Goldfields following a fruitful soil sampling program across a triumvirate of key prospects. The company returned a maximum gold value of 137 parts per billion after gathering 383 additional soil samples covering areas south and west of its earlier soil sampling at the McCaskill’s Hill and Cracker Jack deposits and the southern portion of the Pegasus deposit.

Following its consultants’ detailed review of historical drilling data generated by previous Reedy South project owners from 1984 to 2015, White Cliff tabled a maiden inferred and indicated mineral resource statement for Reedy South nine months ago.

The resource estimate currently stands at 779,000 tonnes grading a respectable 1.7 grams per tonne for 42,400 ounces of contained gold made up of the Pegasus and King Cole deposits.

According to the Perth-based company, gold mineralisation at the King Cole and Pegasus prospects extends to at least 125m below surface and remains open at depth.

Westgold Resources’ Triton-South Emu underground gold mine is less than 600m north of Reedy South’s northern lease boundary and along strike on the prolific Reedy shear zone or “RSZ”.

White Cliff says the RSZ plays host to known gold resources with vertical plunging mineralisation extending to depths of 500m-plus.

The 272-square-kilometre Reedy South project area also takes in the Burnakura shear zone or “BSZ”, near where Cracker Jack and McCaskill’s Hill occur.

The company says mineralisation at McCaskill’s Hill is expected to be similar to Cracker Jack’s mineralisation, which is thought to be controlled by quartz veining within the contact between banded iron formation, mafic and ultramafic rocks.

Both prospects are perched on the southern extension of the BSZ and White Cliff suggests they share geological similarities to the RSZ.

White Cliff Minerals Technical Director, Ed Mead said: “We have continued to define new geochemical anomalies in previously untested areas of the Reedy South gold project area.”

The company plans to undertake a first-pass round of shallow reverse circulation drilling to test the anomalies at Cracker Jack and McCaskill’s Hill and extension drilling at Pegasus.

Management is hoping to define a clutch of mineable gold deposits within the Reedy South tenement holdings that can collectively underpin a mining operation.

 

Is your ASX-listed company doing something interesting? Contact: matt.birney@businessnews.com.au

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