Carawine Resources extends parallel gold zone at Hercules

Carawine Resources is flexing its exploration muscle after a drill assay extended a parallel mineralised zone south of the main trend at the Hercules prospect within its Tropicana North project in WA.

The assay of 1.12m at 5.42 grams per tonne (g/t) gold from 163.57m in hole TNDD018 is consistent with the newly interpreted Vein Offset Shear zone, which displaces mineralisation at depth and along strike to the southwest.

With the receipt of all assays from the latest phase of drilling, Carawine Resources (ASX:CWX) now expects to define a resource for Hercules during the current quarter.

“These latest results have identified a third parallel mineralised zone at Hercules, providing another target for us to follow-up with additional drilling,” managing director David Boyd said.

Design work is underway on a follow-up diamond drilling for the fourth quarter which will target the offset vein position, and southwest strike extent of the Hercules mineralisation.

Hercules potential

Hercules is an advanced gold prospect within the company’s Thunderstruck joint venture (Carawine 90%) which is itself part of the broader Tropicana North project.

Gold mineralisation has been reported along a 340m strike length to date and is hosted by multiple parallel veins and shears within a wide, steeply dipping mineralised zone striking northeast.

The main mineralisation extends from 35m to 259m below surface and remains open to the southeast and at depth.

These provide target areas to test for extensions to high-grade gold mineralisation, including along strike from the previously reported interval of 4m at 40.1g/t gold from 239m in TNDD014.

This article was developed in collaboration with Carawine Resources, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.