GTI maps out Niagara gold exploration plan with September drilling near Kookynie
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Special Report: Historical data is rapidly enhancing GTI’s understanding of the Niagara gold project and an expanded auger soil sampling program is poised to improve it further.
Ground truthing and the sampling program at Niagara near Kookynie in WA’s Goldfields region are scheduled to begin next Monday, with results to be integrated into the existing geochemical, geophysical and geological data sets.
The resulting data will aid in targeting the circa 50-hole first phase aircore drilling campaign that GTI Resources (ASX:GTR) plans to drill in September.
This aircore drilling will be followed by a second phase of drilling using targeted deeper reverse circulation drilling in October to test the most attractive zones of interpreted gold mineralisation.
“GTI made the decision to accelerate gold exploration activities at Niagara in response to our recent anomalous soil sampling results and in light of the spectacular drilling results achieved by our near neighbours, Metalicity,” executive director Bruce Lane said.
“We are very encouraged by the results of July’s aeromagnetic survey when it is combined with the geochemical results from our initial soil sampling program.
“These programs are guiding our structural modelling and interpretation and have provided us with some very interesting targets.”
GTI’s Niagara project now covers over 8km of prospective strike over the underexplored Niagara Trend that is adjacent to historical high-grade gold mines such as the Cosmopolitan mine that produce about 360,000 ounces of gold at 15 grams per tonne (g/t) from 1895 to 1922.
Results such as 4m at 16.3g/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.
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 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.
However, exploration has been limited to broadly spaced soil sampling and limited reconnaissance drilling programs – most of which were undertaken in areas outside the current licence area.
This means that the Niagara project remains essentially untested, a result of the historically disparate ownership that GTI clearly is in the process of addressing with its ground consolidation activities and upcoming exploration work.
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.