Announcement Date: 2021-12-21
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Carawine Resources Ltd.
Project name: Tropicana North
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 6m @ 3.01g/t Au from 251m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Gold and base metals explorer Carawine Resources Limited (“Carawine” or “the Company”) (ASX:CWX) is pleased to announce the latest assay results from its ongoing drilling program at the Hercules prospect at its Tropicana North Project in Western Australia, expanding the high grade zone and strike of mineralisation at about 250m below surface. Hercules is an advanced gold prospect held by Carawine’s Thunderstruck Joint Venture (“Thunderstruck JV”, Carawine 90% interest), and forms part of the Company’s large Tropicana North Project located in the north-eastern goldfields of Western Australia (Figure 5). Gold mineralisation at Hercules is hosted by multiple parallel veins and shears within a wide, steeply dipping mineralised zone striking northeast (Figures 2 & 3). To date, significant mineralisation has been reported along a 340m strike length, extending from 35m to 250m below surface, and remains open (Figures 1 to 3). The current drilling program at Hercules is focussed on defining the geology, structure and grade characteristics of the gold mineralisation, and extending it along strike and at depth. An additional 15 holes are planned to be drilled, including extensions to existing holes TNDD007 & TNDD012, for approximately 4,200m with the program expected to continue through to late March 2022.
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