Announcement Date: 2022-07-04
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Greenstone Resources Ltd.
Project name: Burbanks
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 14.0m @ 4.25g/t Au from 46.0m
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 and trial mining activities at Burbanks, with drilling at Burbanks North continuing to return multiple highgrade intercepts, and the toll treatment of stoped ore from the trial underground operations at Main Lode now underway. Burbanks North and Main Lode both form part of the Company’s 100% owned Burbanks Gold Project, 9.0 kilometres south of Coolgardie, Western Australia. BURBANKS NORTH DRILLING BBRC356D, BBRC362D and BBRC357D all form part of the ongoing drill campaign at Burbanks North which has subsequently served to extend known high-grade mineralisation at Burbanks North to over 450 metres below surface, 500 metres down plunge, and 1,300 metres along strike (Figure 1). Recent drilling at Burbanks North over the past six months has confirmed the continuity and thickness of high-grade mineralisation, and will subsequently serve to support the interim resource estimation which is currently underway for Burbanks North, Burbanks South and Main Lode. The geological interpretation and estimation is being undertaken in conjunction with Entech Pty Ltd, an independent international mining consultant, and is underpinned by an existing JORC 2012 Resource of 1.2Mt at 3.7g/t Au for 145,700oz (Indicated & Inferred, see Table 2). Significant intercepts include
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