Announcement Date: 2022-11-21
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Tombola Gold Ltd.
Project name: Mt Freda
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 15m at 6.96g/t Au from 28m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Tombola Gold Ltd (ASX:TBA) (“Tombola” or the “Company”) is pleased to announce continued positive results from the Company’s initial drilling program at the Mt Scheelite Target, within the highly prospective Golden Mile Complex in Cloncurry, Queensland. The completion of the last drill hole at Mt Scheelite (MS22DD001) in the current program, and the only diamond hole drilled in the initial exploration program, marked the end of the company’s first exploration drilling program at Mt Scheelite. Following compilation and assessment of all available geological data, the current plan is to resume drilling at Mt Scheelite early in 2023 to take the project to a resource estimation stage. At Mt Scheelite 24 RC holes (for a total of 2,060.6m) and 1 DD hole (90.6m) have now been completed (refer previous ASX releases “Exploration Success to Extend Mineralisation at Mt Freda (16th May 2022), “Further Significant Gold Intersections at Mt Scheelite” (9 June 2022, and Tombola Delivers Further Significant Gold Intercepts (20 Sept 22)). Significant intersections previously reported included
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