Announcement Date: 2022-08-16
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: ActivEX Ltd.
Project name: Gilberton
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 1m @ 34.5g/t Au from 125m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: ActivEX Limited (ASX: AIV) (ActivEX or the Company) provides the following summary of high-grade drilling results at the Mt Hogan historic gold mine, part of its 100%-owned Gilberton gold project (Figure1), which featured an intersection of A total of 4,275m was drilled, comprising 38 angled drillholes within the Mt Hogan and Split Rock Tenements (Figure 2). Assays have been received from all 38 Reverse Circulation (RC) holes. This RC drill campaign at the Mt Hogan historical opencut/underground mine, Charlie’s South and Charlie’s North prospects was designed to test the extent of known gold mineralisation at depth and along strike extensions (Figures 2 to 5). The RC drill program has been conducted with nominal spacing of 50–100m, at depths of up to180m below surface in the drilling target areas. The plan with the section line view of the drilling is shown in Figure 5 and cross section are shown in Figure 6. The cross section clearly shows evidence of multiple parallel sub-horizontal lodes. Gilberton Gold Project The Gilberton Gold Project is situated in the Georgetown Province in northeast Queensland, approximately 300km west–northwest of Townsville (Figure 1). The Project is in an area which is prospective for several metals (Au, Ag, Cu, Ta–Nb, Co) and a wide range of deposit styles. The world–class Kidston
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