- WA gold exploration company Classic Minerals (CLZ) has identified a substantial high-grade gold anomaly at the Kat Gap Project in WA
- Maiden auger soil sampling at Kat Gap has outlined a substantial gold anomaly, with grades up to 2.13g/t gold returned
- All up, 310 auger holes were drilled to infill existing historical auger soils with aims to aid in future planning for follow-up reverse circulation (RC) drilling
- Now, Classic is waiting on results from a recently completed RC drilling program
- Despite a delay in analysis due to the large volume of samples received, the company hopes to receive results in the coming weeks
- Shares in Classic have been trading steady for 0.2 cents each since August 25
WA gold exploration company Classic Minerals (CLZ) has identified a substantial high-grade gold anomaly at the Kat Gap Project.
Kat Gap lies roughly 70 kilometres south-southeast of Classic’s Forrestania Gold Project in Western Australia.
It also comprises two exploration licences and covers 37.5 square kilometres.
Maiden auger soil sampling at Kat Gap has outlined a substantial gold anomaly, with grades up to 2.13g/t gold returned from depths of no more than 70 centimetres.
The majority of this anomaly spans 900 metres in length and has a width of up to 500 metres.
All up, 310 auger holes were drilled to infill existing historical auger soils, with aims to aid in future planning for follow-up reverse circulation (RC) drilling.
These holes encountered a multitude of surface materials such as sand, gravel, and clay, so depths reached no more than 70 centimetres because the rig was unable to pierce beyond a hard layer.
“This new high-grade auger soil gold anomaly is well out into the granite and represents an exciting new development for the Kat Gap Project,” CEO Dean Goodwin commented.
“The gold is at a very high level of concentration for an auger soil anomaly suggesting something substantial maybe hiding underneath. Given the gold is in all types of surface material including sand, gravel and clay, the anomaly is most likely insitu and not transported in from another location,” he added.
Now, Classic is waiting on results from a recently completed RC drilling program.
Despite a delay in analysis due to the large volume of samples received, the company hopes to receive results in the coming weeks.
Shares in Classic have been trading steady for 0.2 cents each since August 25.