Announcement Date: 2022-05-24
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Greenstone Resources Ltd.
Project name: Burbanks
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 4.95m @ 30.46g/t Au from 292.1m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Greenstone Resources Limited (ASX:GSR) (Greenstone or the Company) is pleased to provide an update on exploration activities at Burbanks North where the current drill campaign continues to return multiple high-grade intercepts. Burbanks North forms part of the Company’s 100% owned Burbanks Gold Project, 9.0 kilometres south of Coolgardie, Western Australia. BBRC340D, BBRC341D and BBRC359D all form part of the current 6,500 metre drill program covering both Burbanks North and the Burbanks Mining Centre (including the Birthday Gift and Main lode mines). These three holes continue to demonstrate the continuity and thickness of high-grade mineralisation at Burbanks North, and will serve to support any future resource estimate at Burbanks North, underpinning the existing JORC 2012 Resource of 1.2Mt at 3.7g/t Au for 145,700oz (Indicated & Inferred). The on-going drill campaign at Burbanks North has served to extend known mineralisation at Burbanks North to over 450 metres below surface, 500 metres down plunge, and 1,300 metres along strike (Figure 1). Significant intercepts include
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