Partners Tri Origin Exploration (TOB-T) and Delta Gold of Australia have identified new gold occurrences and intersections at their equally shared Calarie property in New South Wales.
Three holes, 1, 2 and 6, were drilled over a 500-metre strike length in the vicinity of a near-surface resource of 514,000 tonnes grading 2.16 grams gold per tonne with gold mineralization detected in each hole.
Hole 1 returned 1 metre grading 8.18 grams gold across 1 metre (from 317 to 318 metres) in a mineralized structure of semi-massive pyrite at a sediment-volcanic contact, whereas hole 2 returned anomalous gold values across 6 metres (from 302 to 308 metres). Final assays are pending for hole 6.
Three holes, 4, 5 and 7, were drilled between 1 and 2 km north of the resource.
Hole 7 tested a discrete induced-polarization anomaly on the structure interpreted to host the resource, and returned assays averaging 0.68 gram across 8 metres (from 143 to 151 metres), including 3 metres of 1.18 grams (from 145 to 148 metres).
Situated 300 km northwest of Sydney, the Calarie property was the site of turn-of-the-century mining of high-grade veins eventually developed down to 175 metres below surface.
Gold mineralization is associated with the Parkes thrust, a regional structure along which occur two small gold mines and a larger copper-gold mine.
Follow-up drilling is planned.
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