Announcement Date: 2022-08-18
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Classic Minerals Ltd.
Project name: Forrestania
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 2m @ 21.07g/t Au from 33m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: WA-focused gold exploration and development company Classic Minerals Limited (ASX. CLZ) (“Classic”, or “the Company”) is pleased to announce that it has received further assay results from its extensive infill RC drilling program at its Kat Gap Gold Project in Western Australia. The Company has completed a further 14 holes for 890 metres at Kat Gap. Classic has drilled 24 holes for 1,445m at Kat Gap during July and August as part of a much larger 109-hole infill drilling campaign. This announcement covers the next 14 RC holes (FKGRC400–413) of the 109-hole program. Subsequent holes will be reported on in due course when assays become available. Infill RC holes FKGRC400–413 are located adjacent to the first ten holes (FKGRC390-399) reported on recently. They are situated approximately 150m north along strike from the cross cutting Proterozoic dyke and form part of the much larger infill drilling pattern (See figure 1.0). The holes have been drilled on 10m x 10m and 10m x 5m grid spacings to bring the near surface parts of the inferred resource to indicated status prior to final pit design work. The total 109-hole infill RC drilling program covers an area 100m to 300m along strike to the north of the Proterozoic dyke and 200m north along strike from the recent bulk sample mining operation.
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