| Announcement Date: | 2023-01-30 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Greenstone Resources Ltd. |
| Project name: | Burbanks |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 7.80m at 3.01g/t Au from 194.7m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Greenstone Resources Limited (ASX:GSR) (Greenstone or the Company) is pleased to provide an update on exploration activities at its flagship Burbanks Gold Project, with further results from the Phase-1 drill campaign continuing to reaffirm the high-grade nature of Burbanks, while also extending the known mineralised strike horizon by 25%. The Burbanks Gold Project is located on a granted mining lease just 9.0km south of Coolgardie, Western Australia and is supported by a network of existing infrastructure including grid power, sealed roads and several neighbouring toll treatment plants, all of which will serve to expedite any future production decisions. The most recent results form part of the current 10,000 metre Phase-1 drill campaign principally targeting the unclassified mineralisation supporting the recent JORC (2012) Exploration Target range of 3.3-3.6Mt at 2.0-2.8g/t Au for 215,000 – 230,000 ounces of contained gold (Appendix 1). |
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