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- Carawine Resources (CWX) shares close today’s session in the red on the back of subdued assays from follow-up drilling at the Tropicana North Project
- Carawine is undertaking a 33 drill-hole campaign within the Hercules prospect in a bid to define and extend gold mineralisation in the area
- Notable assay results include 6.76 grams per tonne of gold (g/t), 13.2g/t gold, 0.80g/t gold and 0.86g/t gold
- Assays from a further five diamond holes and three reverse circulation holes are still to come
- Carawine Resources closed 6.82 per cent down to trade at 20.5 cents
Carawine Resources (CWX) shares closed today’s session in the red on the back of subdued assays from follow-up drilling at the Tropicana North Project.
The results included outcomes of seven reverse circulation drill holes from four diamond drills hole as part of a broader 33-hole drill campaign at the Hercules prospect in Western Australia.
Carawine has undertaken the drilling effort in a bid to define and extend gold mineralisation associated with mineralised structures and multiple lodes previously intercepted.
Notable assay results include two metres at 6.76 grams per tonne gold (g/t), one metre at 13.2g/t gold, two metres at 0.80g/t gold and two metres at 0.86g/t gold.
Assays from a further five diamond holes and three reverse circulation holes are still to come, with 16 remaining diamond holes set to be drilled.
Carawine Managing Director David Boyd said the latest round of assay results expands the high-grade zone within the deposit.
“Based on these results, we have added five more diamond holes to the current program, which is likely to see us drilling through to the end of October,” he said.
“We are looking forward to delivering more, strong results as the programme continues.”
Carawine Resources closed today’s session down 6.82 per cent to trade at 20.5 cents.
