GTI expands sampling to reveal true potential of Niagara gold project
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Special Report: A significantly expanded 1,000-hole auger soil sampling program is now underway at GTI Resources’ Niagara gold project near Kookynie, Western Australia.
The program and the accompanying reconnaissance mapping work is the next step in the company’s rapid evaluation of the project’s potential for economic gold mineralisation.
GTI Resources (ASX:GTR) says geochemical results from the soil sampling program will be integrated into the existing lithogeochemical, geophysical and geological data sets to guide targeting of the upcoming 50-hole first-phase aircore drilling campaign in September.
“The 1,000-hole soil sampling campaign infills and extends the previous soil sampling program based on the previous multi-element lithogeochemical interpretation combined with the recent aeromagnetic survey,” executive director Bruce Lane said.
“The current field work combined with September’s planned aircore drilling will further refine our understanding of the lithogeochemical and mineralising systems at Niagara and will help us locate the most prospective zones for October’s second-phase deeper reverse circulation drilling campaign.
“It’s also encouraging to see our neighbours in the area investing in significant exploration activities as excitement builds in this highly prospective yet historically underexplored part of WA’s goldfields.”
Results such as 4m at 16.3 grams per tonne (g/t) gold from 42m, including 3m at 20.7g/t gold from a depth of 42m, well above the 5g/t that is generally considered to be high-grade, demonstrates the rich prospectivity of the region.
Results from their phase-two drilling program of over 40 holes totalling 2,886m are expected early next week.
Niagara is about 6km southwest of Kookynie in the central part of the prolific Norseman-Wiluna greenstone belt with numerous historical workings within and to the north and south of the project area.
These workings include a number of historical mining shafts and shallow workings which were mined during the late 1890s and early 1900s.
This article was developed in collaboration with GTI 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.