Announcement Date: 2022-03-09
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Classic Minerals Ltd.
Project name: Forrestania
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 5m @ 27.76g/t Au from 101m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: WA-focused gold exploration and development company Classic Minerals Limited (ASX. CLZ) (“Classic”, or “the Company”) is pleased to announce that it has finally received assays results from a small program of RC drilling conducted in November 2021 at its Forrestania Gold Project (FGP) in Western Australia. The Company completed a total of 13 holes for 1,419 metres at Lady Ada and Lady Magdalene. Classic has received assay results from its latest RC drilling program completed back in November 2021. The drilling program consisted of 13 RC holes for 1,419m from both Lady Ada and Lady Magdalene. Lady Ada RC drilling A program of 5 RC holes (MARC076-080) for 644m were completed in a small portion of the known inferred resource covering an area approximately 50m along strike to the south-east of the Lady Ada open pit. The holes were designed by independent resource geological firm Cadre Geology and Mining Pty Ltd to test existing high-grade intercepts from historical drillholes to compare old assay data with new assay data prior to further resource upgrade work.
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