Announcement Date: 2021-12-20
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Carawine Resources Ltd.
Project name: Tropicana North
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 1m @ 1.89g/t Au from 155m
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 an eight-hole RC drilling program, confirming the potential for significant mineralisation at the Big Freeze prospect. Big Freeze is within the Neale tenement, part of Carawine’s Thunderstruck Joint Venture (“Thunderstruck JV”, Carawine 90% interest) and Tropicana North Project, located in the north-eastern Goldfields of Western Australia. The Neale tenement also hosts the Company’s advanced Hercules and Atlantis gold prospects. Assay results reported today are from RC drill holes TNRC040 to TNRC043, which, along with previously reported assay results from TNRC039, have further defined the 900m-long, continuous zone of gold mineralisation above 1g/t Au in wide-spaced drilling at Big Freeze. This zone is within a 900m x 200m wide, +0.3g/t Au drill hole anomaly within a much larger +10ppb Au anomaly along the Hercules Shear Zone, considered highly significant in both a local and regional context (Figure 1).
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