Carawine Resources has released the first Mineral Resource estimate for the Hercules gold deposit at its Tropicana North Gold Project in WA of 463,000t at 4.8 g/t Au (Indicated and Inferred), containing 71,000oz Au.

Carawine Resources (ASX:CWX) MD David Boyd says the estimate demonstrates the high-grade nature of the deposit, and significant upside potential where it remains open to the southwest and at depth.

“We’re pleased to announce this first Mineral Resource for Hercules, which has established exceptional, high gold grades in multiple lodes, along an extensive 400m of strike length, and from just 30 metres below surface,” he said.

Plus, the deposit remains open at depth and to the southwest, with additional drilling required to test this potential and grow the Mineral Resource in these areas

Building a large resource base for Tropicana

“Our focus will now move to testing for additional mineralisation along strike and at depth at Hercules and testing other targets at our Tropicana North Gold Project with the aim of discovering multiple additional deposits to build a large resource base for the Project,” Boyd said.

Additional drilling programs have also been planned for the Tropicana North Gold Project, including follow- up drilling at the Big Freeze prospect on the Neale tenement targeting the high-grade gold discovery in drill hole TNRC058 in April which returned a mineralisation interval of 5m at 18.2g/t Au from 38m.

Air core drill targets have also been defined along the 12km anomalous Hercules gold trend on the Neale tenement, along with additional targets on the Pleiades, Blue Bell South and Python tenements.

 

 

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This article was developed in collaboration with Carawine Resources Limited (ASX:CWX), 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.

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