Monger Gold reports more strong gold results from Providence drilling
Monger Gold 透露了Providence矿床的首个黄金资源，为 204,700 吨，黄金 2.5 克/吨，黄金 16,400 盎司。
Results from diamond drilling at the Providence prospect within Monger Gold’s (ASX: MMG) Mt Monger North project have uncovered further significant results.
Three holes were completed for a total 247.4 metres and returned gold assays of 1m at 19.19 grams per tonne from 99m; 7m at 2.15g/t from 65m; 8m at 4.34g/t from 123m, including 1m at 21.30g/t from 130m; and 5m at 2.11g/t from 108m.
The company will use the results to determine mineral assemblages and parameters which are considered to be important as exploration vectors and for use in the resource modelling to verify geological and grade continuity.
‘Valuable light’
Monger chairman Peretz Schapiro said drilling had “shone a valuable light” on the Providence prospect.
“We are excited to have discovered new styles of gold mineralisation which are not typical of the area,” he said.
“Further analysis of the drill core is now in progress as we work towards a maiden mineral resource estimate which will also help pinpoint the location of additional holes as we look to grow the gold system at Providence.”
Previous drilling
The resource estimate will use results from current and previous drilling, where gold grades of up to 190.6 g/t were reported from infill drilling in November.
That campaign comprised nine holes with seven drilled at Providence and two at the Canista prospect to build on historic exploration results and provide information for additional drilling campaigns.
Significant intercepts were 3m at 7.07g/t gold from 14m including 1m at 15.99g/t; 8m at 16.15g/t gold from 60m including 1m at 111.4g/t and 1m at 15.01g/t; and 8m at 31.84g/t gold from 66m including 1m at 37.03g/t, 1m at 18.2g/t and 1m at 190.06g/t.
Prospect location
The Providence prospect sits immediately adjacent to and potentially along strike from the Wombola Dam open pit gold mine, owned by Black Cat Syndicate (ASX: BC8) and acquired in 2020 from Silver Lake Resources (ASX: SLR).
The Mt Monger North tenement package is positioned within the Achaean Norseman-Wiluna Greenstone Belt, which has been subdivided into a number of geological terrains separated by regional faults.