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White Cliff Minerals (ASX:WCN) has confirmed a substantial system at its Reedy’s gold deposit in Western Australia, with drill results showing continuity of mineralisation laterally long strike and depth, as well as close to the project’s existing 42,400-ounce mineral resource.
Results from the drilling included 79 metres at 1 gram per tonne of gold from 10 metres down-dip; 7 metres at 1.12 grams per tonne from 92 metres along strike, due north from the existing resource; and 11 metres at 0.53 grams per tonne from 209 metres, approximately 20 metres below the existing resource outline.
White Cliff explorers were particularly encouraged by what the drilling revealed about the nature of Reedy’s mineralised system: not only continuous in all directions, but underneath the existing higher-grade resource.
Managing director Troy Whittaker said the drilling results had been somewhat unexpected.
“The drill program which was designed to test depth and strike extensions to the known mineralisation at Reedy’s has surprised us in terms of the scale of the newly identified structures which appear to be increasing in size in and around the existing resource and extend laterally for several hundred metres to the north and south,” he said.
“Whilst the campaign was designed predominantly as an exploration program to expand our understanding of the Reedy’s shear zone and associated mineralisation, Hole 6 for example (with 79 metres at 1 gram per tonne) is extraordinary as it demonstrates the system is growing and continuing at depth.
“We will now review this new information in detail and determine what next steps can be taken including deeper drilling formulate to optimize value for our shareholders.”
White Cliff has been trading at 1.5 cents.
