First, the Mungo Bore strike was extended 160 m into the Burnakura zone which is very good.
This, on just 12 holes.
But, even more interesting is the fact that they added the FLC2 and FLC3 targets to the Phase 1 drill program to take advantage of increased drill rig availability.
So, they added a total of 31 holes for 1,882m were completed at the FLC2 prospect (Figure 3) and 4 holes for 282m were completed at the FLC3 prospect (Figure 4). Holes were drilled to depths between 40m and 95m.
Why were these 31 holes added where they are ?
Well, this this FLC2 target is located just 400m to the south of the Banderol pit and appears to be associated with the southward continuation of the same structural contact that hosts the mineralization within the pit.
The Banderol pit has produced an estimated 28koz ounces of gold at 2.9g/t pre-2005 .
Even better, In addition to this main north-south trending structure, there appears to be structures orientated in a north-easterly direction, which were also targeted by this drill program.
Note that the FLC2 target has been previously tested with fences of RAB drilling and several shallow RC holes that identified numerous areas of low-grade gold mineralization as well as some higher grade zones with best intersections of 10m at 3.4g/t from hole FCPH1635 and 3m at 5.0g/t from FCPH1871.
These are outstanding grades consistent with the 28,000 ounces mined within the initial Banderol pit
In addition, This drill program tested beneath the higher grade intersections into fresh rock, which will increase the understanding of the main controls on mineralization.
As we all know by now , the weathered ( oxidized ) gold resources in the shallow pits always have higher grade basement lodes in the fresh source Rick .
I am pretty certain that those few deeper holes were quite revealing
Figure 3: Aeromagnetic image showing the main mineralized trends
and completed drill hole collars at the FLC2 prospect
The FLC3 prospect is located approximately 1km to the south of the Federal City deposit and is interpreted to occur on the southward continuation of the same structure that hosts the mineralization there.
The Federal City pit produced an estimated 1.2koz at 1.3g/t pre-2005 (July 2018 NI43-101 Technical Report).
The FLC3 prospect contains several shallow high-grade gold intercepts that include 10m at 10.9g/t from FCPH1526.
The prospect has been previously tested with multiple lines of RAB drilling and several shallow follow up RC holes that have not been further tested at depth.
The mineralization appears to be trending in a north-south orientation which is subparallel to lithology and magnetic highs. The lithology consists of ultramafic and mafics.
Figure 4: Aeromagnetic image showing the main mineralized trend and
completed drill hole collars at the FLC3 prospect
The four RC holes that were drilled were designed to test for mineralisation along strike and at depth and to confirm the orientation of the high-grade mineralisation.
The holes intersected an ultramafic sequence containing a narrow interval of basalt that has increased deformation and alteration at some of its contacts, which may indicate the mineralization is focused along lithological contacts.
In short, I find these results to be very exciting as they suggest that we are in a situation of significant probability of discovering not only high grade open pit resources a la Banderol pit but also have located the higher grade basement lode of those oxides.