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- Assay results received completing reporting of initial 33-hole infill program
- Thick mineralisation reinforced continuity of central high-grade corridor
- Three principal intervals separated by narrow zones below reporting threshold
- Hole drilled within the north-eastern zone intersected six stacked mineralised intervals
Northstone Resources (ASX: NRL) has further highlighted the potential of the Barje deposit at the Tlamino gold-silver project in Serbia with impressive assay results from a further seven diamond drill holes.
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Significant intervals were intercepted in the final two holes of the initial 33-hole, 3,398m infill program which was designed to tighten drill spacing across the deposit to support the conversion of the existing resource estimate to Indicated classification under the JORC Code (2012).
The remaining five holes form part of the additional infill drilling completed since September, directed at better defining the high-grade breccia through the central corridor and the limits of the deposit.
“With these results we have now reported every hole in our initial infill program and they add weight to the most important finding of the campaign,” CEO, Max Piirto, said.
“Holes BAR069 and BAR071 were drilled alongside the central corridor holes we reported in September, and both have intersected thick mineralisation in the same position, including 18.3 metres at 3.9 g/t gold equivalent in BAR071. That tells us the high-grade corridor holds up at closer spacing in an area where the 2021 resource model, working from sparse drilling, interpreted the mineralisation to pinch.
“Elsewhere, BAR070 has intersected stacked mineralisation across more than 70 metres downhole in the north- east, and the western holes have confirmed the boundaries of the deposit. With the initial program now fully reported, the team is finalising the geological model for our maiden JORC Mineral Resource Estimate, which we expect to deliver this quarter.”
Geological interpretation and block modelling for the maiden JORC (2012) MRE are well advanced and will incorporate the results reported in this announcement.
Assays remain pending for the balance of the additional infill holes (BAR075 and BAR076) and for step-out holes testing for extensions to the south towards the interpreted position of the Barje Fault and to the north-east.
The mineral resource estimate remains on track for completion in the December 2026 quarter, with scoping study activities to commence following its delivery.
The reverse circulation rig continues the greenfield program testing for new mineralisation to the east, west and south of Barje.
NRL was up 5.56% to 1.0¢. Mkt cap $19.28M.
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