Carawine’s Big Freeze is a real blast with high-grade gold

Initial assays from follow-up drilling at the Big Freeze prospect within Carawine’s Tropicana North project have uncovered high-grade gold mineralisation.

Hole TNRC058 – located within an area of previously reported, multiple significant drill intervals – returned a shallow interval of 5m grading 18.2 grams per tonne (g/t) gold including 1m at 85.5g/t gold from a downhole depth of just 38m.

Notably for Carawine Resources (ASX:CWX), this shallow, high grade gold mineralisation adjacent to the same structure that hosts the Atlantis and Hercules gold prospects within the same Neale tenement that forms part of its 90%-owned Thunderstruck joint venture.

Other assays from the 14 holes returned to date from the 18-hole program include 1m at 2.47g/t gold from 136m (TNRC053) and 7m at 0.53g/t gold from 101m including 1m at 1.65g/t gold from 107m (TNRC050).

Assays are pending for a further four holes at Big Freeze – including a second hole drilled below TNRC058 – and an additional two reverse circulation holes drilled at the Beanie prospect.

“This follow-up drilling program was designed to explore for shallow, high grade mineralisation within a much larger gold trend at Big Freeze,” managing director David Boyd said.

“Today’s discovery has done exactly that, proving the success of our exploration methods and supporting our confidence in the potential of the Tropicana North Gold Project to yield multiple deposits.

“We look forward to receiving assay results from the rest of the program and planning additional drilling at Big Freeze, as well as further results from our ongoing drilling at the Hercules prospect just 8km to the northeast.”

Big Freeze

Initial drilling at Big Freeze in August 2021 had successfully defined a 900m long continuous zone of gold mineralisation above 1g/t gold in wide-spaced drilling.

This is located within a wider +0.3g/t gold drill hole anomaly and a much larger +10 parts per billion gold anomaly extending along the Hercules Shear Zone.

Further drilling will be required to determine the strike, dip, and plunge direction of the high-grade mineralisation intersected in TNRC058 as well as the extent and grade of the gold mineralisation intersected in TNRC050 and TNRC053.

The results add to the company’s ongoing success at Tropicana North, which has seen the discovery of high-grade gold at Hercules along with the identification of 12 new target regions since it was established just 16 months ago.

Planning has progressed for a large air core drilling program designed to test several historical gold anomalies and structural/magnetic target zones identified within the Neale tenement, and numerous targets recently identified on Carawine’s other 100%-owned tenements in the project.

This is expected to start early in July 2022.

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.