Announcement Date: 2022-08-02
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Cauldron Energy Ltd.
Project name: Blackwood
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 0.6m @ 20.1g/t Au from 20.8m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Cauldron Energy Limited (Cauldron or the Company) (ASX: CXU) is pleased to report the intersection of high-grade gold in its current diamond drill program at the Blackwood Gold Project in Victoria (Figure 1). The gold lodes are contained in a westerly dipping geological sequence, with south plunging goldbearing shoots developed as a result of structural deformation and subsequent injection of gold into structurally-related dilution zones. Drilling is targeting the Annie Laurie reef using underground drill access from the Tyrconnel Adit. The Annie Laurie reef is part of the Eastern Reefs system, with the potentially larger Western Reefs system still to be explored (Figure 1). Cauldron’s Executive Director, Simon Youds, said, “We are excited about finally being able to demonstrate the high-grade potential at Blackwood, and the result is recognition of the effort of our small, but dedicated team who have persevered through a number of operational challenges”.
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