Announcement Date: 2022-03-21
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Lycaon Resources Ltd.
Project name: Rocky Dam
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 9m @ 1.34g/t Au from 97m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Lycaon Resources Ltd (ASX:LYN) (Lycaon or the Company) is pleased to announce results of Phase 1 RC drilling which intersected primary gold mineralisation within fresh rock at the Rocky Dam gold project (Rocky Dam Project) in the Goldfields region of Western Australia. Drilling successfully intersected primary gold mineralisation within fresh rock with best results of Historical drilling at Rocky Dam identified significant oxide mineralisation however, identification of primary gold mineralisation within bedrock had yet to be fully tested (refer DRE.ASX Announcements 15 July 2020 and 12 August 2020). Lycaon’s initial drill programme at Rocky Dam aimed to provide a more comprehensive test for bedrock mineralisation by targeting below the oxide mineralisation in a range of drill orientations. Lycaon’s Phase 1 drillholes RD21008 and RD21009 were drilled either side of historical RDRC012 which returned 20m @ 1.1 g/t Au from 40m including 5m @ 3.3 g/t Au from 52m (refer DRE.ASX Announcement 12 August 2020). Significantly, the mineralisation intersected in Lycaon’s drilling was in fresh rock, associated with quartz veining, sulphides and sericite ± chlorite alteration, which is typical of orogenic quartz
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