| Announcement Date: | 2022-02-22 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Red 5 Ltd. |
| Project name: | Darlot Gold Mine |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 6.4m @ 81.7g/t Au from 264.5m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Red 5 Limited (ASX: RED) is pleased to report that drilling completed in 2021 at the Darlot Underground Mine, located in the Eastern Goldfields region of Western Australia, has delivered high-grade results from multiple locations. The drilling forms part of an ongoing exploration and Resource development program at Darlot focused on extending new mining areas such as Middle Walters South and reducing the dependency on remnant mining. Results reported in this announcement include strong intercepts from Middle Waters South and positive results from Dar-Cent, Oval 1300 and Pedersen Lower, all of which offer the opportunity for Resource growth. Middle Walters South Middle Walters South is a structurally controlled narrow, high-grade orebody that forms part of the larger Centenary orebody, one of the primary sources of ore at Darlot. Mineralisation is hosted by the Walters Fault and in cross-linking structures between the Walters and Lords Faults. It is hosted within magnetic and nonmagnetic dolerite horizons of the Mount Pickering Dolerite Sill. |
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