The Investment Whisperer
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Investment Whisperer

Investing

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

by admin April 10, 2024
April 10, 2024
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

0
FacebookTwitterGoogle +Pinterest
previous post
Gold and Nickel Exploration Update
next post
Pro-life conservatives are ‘disappointed’ in Trump’s new abortion policy, but stick by him: ‘Only one option’

Related Posts

Impact funded to complete Pre-Feasibility Study at the...

May 23, 2024

South Star Battery Metals Announces Upsize of Non-Brokered...

January 27, 2024

Deepest Holes Drilled at Second Fortune Outline Strong...

October 1, 2024

What Was the Highest Price for Gold? (Updated...

May 31, 2024

Gold Price Hits New Record, Breaking US$3,000 for...

March 15, 2025

Lode Gold Closes $350,000 Financing

January 1, 2025

Dynasty Gold: Gold-focused Exploration with High-grade Gold Assets...

September 7, 2024

First Helium Initiates Process to License & Drill...

November 25, 2024

3 Best-performing Canadian Pharma Stocks of 2024

August 14, 2024

Canadian Election Candidates Unveil Plans to Fast Track...

April 11, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (1,511)
    • Investing (3,924)
    • Politics (5,236)
    • World (4,762)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheInvestmentWhisperer.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 TheInvestmentWhisperer.com | All Rights Reserved