Classic drilling intersects deeper gold at 400koz Kat Gap
Classic has extended mineralisation at its Kat Gap project in Western Australia after drilling returned high-grade gold beneath existing shallower mineralisation.
Some of the top results from the extensional reverse circulation drill program are 10m grading 9.26 grams per tonne (g/t) from a down-hole depth of 57m including 3m at 28.3g/t gold from 57m and 6m at 12.12g/t gold from 70m including 1m at 51.1g/t gold from 70m.
The extensional drill program tested the middle section of the northern infill drilling, which mostly concentrated on an area 100m to 300m north along strike of the cross cutting Proterozoic dyke.
Classic Minerals (ASX:CLZ) noted that the 15 hole program was intended to test for potential down dip open pit mineable material below existing high grade shallower gold mineralisation.
It also comes as the company continues to progress Kat Gap, which has a current resource of 8.24 million tonnes at 1.52 grams per tonne gold for 403,906oz of contained gold, towards production.
The company added that the results from the extensional drilling highlight the potential to discover further down dip mineable ore material.
Further RC drilling is required to follow up these latest results with Classic noting that this will hopefully add more mineable ounces and deepen the final open pit design.
This article was developed in collaboration with Classic Minerals, 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.