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- Carawine Resources (CWX) has identified two new gold anomalies at the Don King prospect within the Tropicana North Project in WA
- The company has received assay results from 20 air-core holes which were drilled at the project back in December
- The assays show two new over 10 parts per billion (ppb) gold anomalies which are up to 2 kilometres in strike length and up to 1.5 kilometres wide
- Carawine has labelled the finds “highly significant” as the new anomalies have peak gold values of 86ppb gold and 61ppb gold
- It’s now planning to carry out follow-up drilling at Don King, while drilling is also planned for Tropicana’s Hercules prospect
- Shares in CWX are trading down 1.72 per cent at 28.5 cents per share
Carawine Resources (CWX) has identified two new gold anomalies at the Don King prospect within its Tropicana North Project in WA.
Tropicana, which comprises two granted exploration licences and 11 applications, is a joint venture (JV) project between Carawine and Thunderstruck Investments.
CWS has received assay results from the 20 aircore holes which were drilled at the prospect back in December.
The assays define two new over 10 parts per billion (ppb) gold anomalies which are up to two kilometres in strike length and up to 1.5 kilometres wide.
Carawine has labelled the finds “highly significant” as the new anomalies have peak gold values of 86ppb gold and 61ppb gold respectively.
The company also stated that the results are “highly anomalous in a regional context”, with the large Tropicana gold mine discovered from over 3ppb gold anomaly in similar rocks.
In addition to this, the new anomalies are east of a three-kilometre long over 10ppb gold trend identified from historical drilling.
“These results from just our first drilling program at Don King establish the potential for significant gold discoveries on the tenement,” Managing Director David Boyd said.
“There are now three parallel mineralised structures at Don King, in rocks
and structures similar to those hosting Tropicana, just 30 kilometres up the road,” he added.
Following the discovery of the new anomalies, Carawine has flagged carrying out follow-up drilling at Don King.
The company’s exploration team will also head to Tropicana North in the coming weeks, to carry out follow-up drilling programs at the Hercules prospect
Shares in Carawine Resources are trading down 1.72 per cent at 28.5 cents per share at market close on Wednesday.
