Cavalier Resources (ASX:CVR) announces ‘high-grade’ assay results have returned from the first round of drilling at its 100% owned Crawford Gold Project in Western Australia.
The Leonora Gold Project comprises two sub-projects, Crawford and Gambier Lass North, consisting of ten exploration licences, a prospecting licence, a miscellaneous licence and a mining lease. Crawford, which includes a 101,000oz JORC compliant Mineral Resource Estimate (MRE), is located on the mining lease M37/1202.
Previously thought to be a primarily oxide-hosted supergene style mineralised system, Crawford had recently been privately advanced towards an open pit mining operation.
As such, while most of the drill spacing was to grade control (GC) standards, it was shallow.
Significant intercepts include:
- 22CFRC0005: 1m at 14.85g/t Au from 25m, 13m at 2.08g/t Au from 37 m, inc. 2m at 6.99g/t Au from 42m, and 2m at 3.24g/t Au from 55m;
- 22CFRC0011: 4m at 6.17g/t Au from 40m, inc. 1m at 12.85g/t Au from 43m, 7m at 2.35g/t Au from 47m, inc 1m at 4.94g/t Au from 47m and 1m at 5.05g/t Au from 50m, and 3m at 7.56g/t Au from 57m (hole ended in mineralisation);
- 22CFRC0012: 2m at 11.80g/t Au, inc. 1m at 21.80g/t from 33m, 6m at 2.34g/t Au from 54m, inc. 1m at 5.46g/t Au from 58m, 3m at 3.10g/t Au from 70m, 1m at 6.90g/t from 75m and 7m at 4.45g/t Au, inc. 1m at 17.55g/t from 81m
The company’s maiden RC campaign was initially drilled to test the current 101,000oz gold resource to provide further confidence both within the current resource and along extension of strike.
It was also designed to test for mineralisation at depths previously undrilled. The results confirmed that there is further potential scope for increasing the current Crawford resource along strike, but more importantly at depth below the current resource boundary.
Several new untested northern exploration targets were also drilled on the Crawford lease.
No significant intercepts were encountered for gold, however several holes retuned anomalous results. The company intends to follow up and re-assay these holes for other potential types of mineralisation.
Addressing the results, Executive Technical Director Daniel Tuffin commented: “This first round of drilling at Crawford was designed to provide further confidence in the current 101,000oz gold resource, test the potential for extension of the resource along strike and depth, and carry out exploration on potential new targets on the northern part of the lease.
“The results are extremely encouraging, particularly regarding drilling around, and extensions to, the existing resource area”
The results are extremely encouraging, particularly regarding drilling around, and extensions to, the existing resource area.
The resource at Crawford had previously been extensively drilled; however, historic drilling was only carried out to shallow depth. Cavalier’s drilling confirms that significant gold mineralisation exists beneath historic drilling, with multiple holes ending in mineralisation at depth.
Additionally, this first round has resulted in firming up strike extension areas, which remain open along strike.
The northern extensional area returned a peak intercept of 3m at 12.52g/t Au from 67m in hole 22CFRC00048, while hole 22CFRC00027 in the southern extensional drilling finished in mineralisation of 1m at 4.11g/t Au at 100m deep.
These results confirm that there is further potential scope for increasing the current Crawford resource along strike, but more importantly at depth below the current resource boundary. The company will now review these results for follow up drilling and begin work on reviewing its impact on the existing Crawford resource.”
Cavalier Resources has interests in Tenements in Western Australia, collectively known as the Leonora Gold Project, Hidden Jewel Gold Project, and Ella’s Rock Nickel-Gold Project, prospective for gold and nickel mineralisation.
Write to Adam Orlando at Mining.com.au
Images: Cavalier Resources Ltd