Announcement Date: 2022-08-15
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Bastion Minerals Ltd.
Project name: Capote
Location: Chile
Commodities: Gold
Highlight: Drilling results incl. 1.6m @ 9.6g/t Au from 58.4m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Bastion Minerals Limited (ASX: BMO) (Bastion or the Company) is pleased to provide an update on its scout drilling program at its flagship Capote Gold Project in the mineral-rich Atacama Region of Chile. The company has received gold assays for the first five drill holes of its ongoing 5000m diamond drill program. The aim of this scout program is to test the six main targets across the Capote Project to determine which targets have the potential for a high-grade gold discovery. The Company’s maiden 5,000m drill program at the Capote Gold Project is underway. Gold assays have been received for the first five diamond drill holes (Tables 1 and 2). Multielement assay data is pending for all holes and will be reported as these are returned. A single diamond drill hole (CPDH001) has been drilled at Yayito, targeting the depth extensions of a gold bearing vein at surface (Figure 2 and 3). This drill hole encountered seven separate mineralised structures, characterised by fractured zones of rock with strong iron oxide staining and elevated gold. Four higher-grade structures were encountered near surface (Table 1). Future work at Yayito will include drilling other parallel structures and testing several Induced Polarisation (IP) chargeability anomalies.
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