Caeneus Minerals strikes gold in maiden drilling at Roberts Hill
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Silver mineralisation up to 2.40g/t was also intersected, with follow up drilling planned to coincide with Mt Berghaus exploration activities.
The results of an air core drilling program carried out in late October 2021 have now been received from 4-metre composite samples submitted to ALS Laboratories in Perth.
The best mineralised intercept was encountered in RHAC147, which lies within an interpreted NW trending shear zone crosscutting a sediment/granite contact in WA’s Pilbara region.
This hole returned 4m at 0.42g/t gold from 80–84m, including 848 ppm arsenic.
Caeneus (ASX:CAD) says exploration holes have now been spaced at 200m across the various target zones and will focus on these types of mineralisation to determine whether a follow up program may reveal the potential for continuity across the Roberts Hill tenure.
Drill hole RHAC147 has been added as a new bedrock exploration target within an expanding Mallina Basin exploration portfolio, where these areas of interest will be revisited as part of a broad secondary drilling program.
Other areas include the eastern portion of the Roberts Hill tenure and the Mt Berghaus applications that currently remain in a pending status.
Speaking to the exploration results, CEO Robert Mosig said whilst the maiden drill program has only delineated one follow-up target, the significance of this intersection in RHAC147 remains to be fully tested.
“Additionally, we have the eastern portion of Roberts Hill and all of the Mt Berghaus tenement to drill test over the months ahead – we look forward to building a more complete understanding of the gold potential in this exciting locality”.
This concludes the maiden exploration campaign across Roberts Hill, however, work is ongoing to interpret the significant technical data received from this initiative.
CAD hopes to build momentum across its Pilbara tenements as programs are finalised, particularly in the case of Mt Berghaus, as tenements are granted and prepared for exploration.
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