Announcement Date: 2022-07-04
Announcement Type: Deposit Estimation
Announcement Code: JORC
Company name: Monger Gold Ltd.
Project name: Mt Monger North
Location: Australia
Commodities: Gold
Highlight: Initial Resource Estimate for Providence Deposit
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Monger Gold Limited (ASX: MMG) (MMG, Monger or the Company) is pleased to announce the results of a JORC 2012 compliant maiden MRE for the Providence Prospect (Figure 1). Maiden JORC (2012) Mineral Resource Estimate Summary The following is a summary of material information used to estimate the Mineral Resource, as required by Listing Rule 5.8.1 and JORC 2012 Reporting Guidelines with further information provided in JORC Table 1. Details of historic drill results and MMG’s exploration drilling at Providence including all collar tables (Figure 2) and all significant intersections that have been previously released to the market are listed in the announcements presented in Appendix 1. Drilling Techniques and Hole Spacing MMG drilled two stages of RC drilling and three diamond drill holes at the prospect with a total of 20 holes for 2,016m RC and 3 holes for 247.4m of recovered diamond core on five traverses over a 110m strike on four traverses 25m spaced with one step-out of 40m on a final traverse to the southwest. Two holes were drilled a further 50m NE to test oxide and transitional gold mineralisation found in historical drill holes. The first RC drilling completed at Providence was by AngloGold Limited with three RC holes for 280m following up on results from a regional RAB drill program. Silver Lake Resources Limited (ASX:SLR) in 2011 drilled a total of 49 RC drill holes, all around 54m deep, for 2,740m into the oxide
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