Classic Minerals has hit some more solid gold drill numbers only 1.2km south and along strike from the main drilling area at its Kat Gap gold prospect. The best RC drill result to date returned 8m grading 7.91g/t gold from 60m, including 4m at 13.56/t gold from 60m at a location where gold-filled quartz veins extend at depth and into the granite host rock.
The WA-focused gold exploration and development company said the drill result supports recent geological reconnaissance along the strike of the granite-greenstone contact that recovered quartz scree in patches at surface from the main Kat Gap prospect along the entire 1.2km stretch to the site of the latest drill intercept.
Kat Gap is strategically located 70km south-southeast of Classic’s Forrestania gold project, that already includes the Lady Magdalene and Lady Ada gold prospects, containing a total indicated and inferred mineral resource of 7.27Mt at 1.33g/t for 311,050 ounces of gold.
Classic Minerals CEO, Dean Goodwin said: “This result is an exciting development for Kat Gap and the Company. To head south 1.2 km’s away from our main drilling area and test a theory that historical RC drilling hadn’t penetrated deep enough to intersect gold in the granite with only 3 drill holes has been extremely satisfying. I was hoping for some reasonable gold hits in the granite under previous drill holes but to hit high grade visible gold off the bat is absolutely terrific!”
“Two weeks ago, a major bushfire passed through the Kat Gap area effectively burning all the shrubs, leaf and bark matter covering the ground. For the first time we are able to see outcrop and sub crop along the granite – greenstone contact. Recently I walked the entire contact from the south of the dyke all the way down to the drill rig, a distance of 1.2 km’s”.
“There is no geological reason why the gold mineralisation shouldn’t be there. Given only a small number of historical RC holes have been drilled between the cross-cutting Proterozoic dyke and this latest intersection, with most of those not penetrating far enough into the granite, we should be seeing even more exciting results in the future.”
Classic appears to be backing up its recent stellar gold intercepts seen just up the track at the main Kat Gap discovery and its plans to test the strike extension of this well-mineralised granite-greenstone contact are well and truly on track. It looks likely that Classic will produce ongoing news flow at Kat Gap and its new discovery to the South for a while to come now as it seeks to join the dots between the two discoveries.
Is your ASX listed company doing something interesting ? Contact : matt.birney@businessnews.com.au
By Matt Birney
