Toedter West Air-core Drilling

Air-core drilling of the Toedter West and Wahoo East prospect areas was completed in late July 2018 and assay results have now been received.

Toedter West is a series of small coincident magnetic and electromagnetic geophysical targets over a strike length of 6km. These targets were interpreted by the Company to be possible sulphide-bearing banded iron formations (BIFs) prospective for gold mineralisation. A single reverse circulation (RC) hole (GWRC482) drilled at Toedter West by the Company in 2017 intersected 1m @ 20.6g/t Au from 133m.  At the eastern end of the target is the Toedter prospect, which has an existing Mineral Resource of 34,200oz. 

A total of 87 holes for 2,775 drill metres was completed at Toedter West in the current program.  Four-metre composite samples were submitted for analysis by fire assay using 30g charge.  Best assay results from the Toedter West program include:

Drill hole traverse locations are shown in Figure 7.

Whilst the initial results have not met the Company’s expectations, it should be noted that only a limited extent of the 6km strike length of the target have been tested.  A further refinement of the targeting criteria is now recommended.

Figure 7: Plan of Toedter West Prospect showing air-core drilling traverses on coloured EM conductivity and greyscale magnetics

 

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