Exterra Resources Limited
ACN 138 222 705
ASX Code: EXC
www.exterraresources.com.au Issued Capital:
Ordinary Shares: 237.5m
Options: 24.4m
Directors and Management: John Davis
Managing Director
Justin Brown
NonDExecutive Director
Peter Cole
NonDExecutive Director
Dennis Wilkins
Company Secretary
*Note: All intercepts are downhole widths.
30 June 2016 HIGHLIGHTSAssays received for first batch of samples from Linden drilling programme.
Multiple broad intersections defined including 16m @ 1.75 g/t from just 9m down hole.
Widespread gold zones intersected: 23 of 25 holes returned gold mineralised intersections.
Individual gold grades of up to 10.2 g/t.
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All gold intersections so far are shallow: less than 70m vertical depth in oxide and transitional zones.
Exterra Resources Limited (ASX:EXC) ("Exterra") is pleased to advise that assay results from the first batch of samples from portions of the first 17 holes from the 76 hole drilling programme have been received and confirm the presence of multiple mineralised zones at the Hill East Prospect.
Hill East is the first of a number of targets being tested as part of a 4,000m Air Core (AC) and Reverse Circulation (RC) drilling programme which commenced on the 30 May 2016 (refer ASX release 30 May 2016) at the Linden Gold project.
So far the drilling has identified multiple zones of ore grade gold intercepts over significant widths in the oxidized zone, and primary mineralisation associated with quartz stringers in a sequence of mafic volcanics and sediments.
The results confirm the need for further followWup drilling at Hill East. Further assay results from drilling completed at Hill East 1, Golden Orb and Hill North are expected shortly.Best results reported so far from Hill East include:*
- EXAC082: 16 m at 1.75 g/t Au from 9 m, including; 7 m at 2.49 g/t Au from 9 m
- EXAC087: 13 m at 1.80 g/t Au from 12 m, including; 3 m at 3.53 g/t Au from 22 m
- EXAC088: 11 metres at 1.33 g/t Au from 31 metres, including; 7 m at 1.74 g/t Au from 31 m
- EXAC089: 5 m at 4.06 g/t Au from 58 m
- EXAC090: 8 m at 2.10 g/t Au from 25 m
- EXAC093: 4 m at 3.17 g/t Au from 23 m
Drilling at the Hill East Prospect represents the first systematic drilling into this target since the 1990's and further confirms the potential for significant tonnage gold resources. The fact that such significant quantities of gold are being intersected in the oxide and transitional zones highlights the potential for open pittable gold deposits at the Linden Project, in addition to the already identified high grade narrow vein style previously discovered at the Second Fortune Gold Mine.
The Hill East Prospect area is covered by lake sediments, soils and calcrete. Mineralisation appears to be related to NE trending quartz veins crossWcutting layering in a sequence of mafic volcanics and sediments. A major quartz blow to the west and extensive felsic porphyry dykes indicate a major NWS trending fault zone.
A review of historic data indicated mapping and costeaning had identified significant Au and As anomalies including zones up to 100m wide >0.1 g/t Au associated with a profusion of quartz veins and shears.
Further results from the drilling completed to date is pending.
RESULTSSignificant results from 1 metre sampling at a nominal 0.50 g/t Au cut off are summarised in Table 1.
Hole ID | North | East | Azi | Dip | From (m) | To (m) | Interval (m) | Au (g/t) | EOH | Composite |
EXAC082 | 6758728 | 447542 | 190 | W60 | 9 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 | 20 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 | 11 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 | 1.86 | 36 | 16m @ 1.75 g/t Au |
1.75 0.91 0.40 2.66 2.69 | ||||||||||
1.27 | ||||||||||
7.78 | ||||||||||
0.66 0.37 0.68 1.30 0.15 0.13 1.77 | ||||||||||
1.88 | ||||||||||
3.54 | ||||||||||
EXAC083 | 6758748 | 447545 | 190 | W60 | 41 | 42 | 1 | 1.18 | 51 | |
EXAC084 | 6758767 | 447549 | 190 | W60 | 70 74 76 | 71 75 77 | 1 1 1 | 0.67 0.51 0.51 | 90 | |
EXAC085 | 6758738 | 447525 | 190 | W60 | 15 35 35 36 37 | 16 38 36 37 38 | 1 3 1 1 1 | 1.15 | 45 | 3m @ 1.55 g/t Au |
1.55 | ||||||||||
3.01 | ||||||||||
1.00 | ||||||||||
0.65 | ||||||||||
EXAC086 | 6758758 | 447528 | 190 | W60 | 44 44 45 46 47 | 48 45 46 47 48 | 4 11 1 1 1 | 0.68 0.80 0.05 0.08 | 84 | 4m @ 0.68 g/t Au |
1.79 | ||||||||||
60 60 61 | 62 61 62 | 2 1 1 | 0.85 1.05 0.65 | 2m @ 0.85 g/t Au | ||||||
EXAC087 | 6758735 | 447503 | 190 | W60 | 4 4 5 6 | 7 5 6 7 | 3 1 1 1 | 1.44 | 39 | 3m @ 1.44 g/t Au |
1.28 1.28 | ||||||||||
1.77 |
EXAC087 | 12 12 13 14 15 16 17 18 22 23 24 | 25 13 14 15 16 17 18 22 23 24 25 | 13 1 1 1 1 1 1 4 1 1 1 | 1.76 | * | 13m @ 1.76 g/t Au | ||||
1.10 0.69 0.29 0.86 0.75 0.19 | ||||||||||
2.09 | ||||||||||
3.37 | ||||||||||
3.73 | ||||||||||
3.48 | ||||||||||
EXAC087 | 31 31 32 | 33 32 33 | 2 1 1 | 0.86 1.06 0.66 | 2m @ 0.86 g/t Au | |||||
EXAC088 | 6758749 | 447508 | 190 | W60 | 27 | 28 | 1 | 1.23 | 57 | 1m @ 1.23 g/t Au |
31 31 32 33 34 35 36 37 38 | 42 32 33 34 35 36 37 38 42 | 11 1 1 1 1 1 1 1 4 | 1.33 | * | 11m @ 1.33 g/t Au | |||||
1.53 1.59 1.64 0.73 2.73 2.06 1.93 0.61 | ||||||||||
EXAC089 | 6758767 | 447487 | 190 | W60 | 58 58 59 60 61 62 | 63 59 60 61 62 63 | 5 1 1 1 1 1 | 4.06 | 69 | 5m @ 4.06 g/t Au |
0.82 2.91 | ||||||||||
2.21 | ||||||||||
9.56 | ||||||||||
4.81 | ||||||||||
EXAC090 | 6758733 | 447459 | 190 | W60 | 3 | 7 | 4 | 0.55 | 57 | 4m @ 0.55 g/t Au |
25 25 29 30 31 32 | 33 29 30 31 32 33 | 8 4 1 1 1 1 | 2.10 | * | 8m @ 2.1 g/t Au | |||||
1.30 0.29 0.13 0.96 | ||||||||||
10.20 | ||||||||||
EXAC090 | 39 | 40 | 1 | 0.95 | ||||||
EXAC091 | 6758762 | 447465 | 190 | W60 | 57 70 70 71 | 58 72 71 72 | 1 2 1 1 | 0.62 1.51 1.18 | 84 | 2m @ 1.51 g/t Au |
1.84 | ||||||||||
EXAC092 | 6758707 | 447456 | 135 | W60 | 9 9 10 11 | 12 10 11 12 | 3 1 1 1 | 1.26 | 40 | 3m @ 1.26 g/t Au |
1.45 1.46 0.87 | ||||||||||
EXAC093 | 23 23 24 25 26 | 27 24 25 26 27 | 4 1 1 1 1 | 3.17 | 57 | 4m @ 3.17 g/t Au | ||||
3.53 | ||||||||||
2.15 | ||||||||||
3.60 | ||||||||||
3.38 | ||||||||||
EXAC093 | 47 47 48 | 49 48 49 | 2 1 1 | 1.22 | 2m @ 1.22 g/t Au | |||||
1.76 0.68 | ||||||||||
EXAC094 | 6758735 | 447428 | 135 | W60 | 39 39 40 41 | 42 40 41 42 | 3 1 1 1 | 1.43 | 63 | 3m @ 1.43 g/t Au |
0.96 1.58 | ||||||||||
1.74 | ||||||||||
EXAC097 | 6758707 | 447400 | 135 | W60 | 28 28 29 30 31 32 | 33 29 30 31 32 33 | 5 1 1 1 1 1 | 1.26 | 42 | 5m @ 1.26 g/t Au |
0.70 4.34 0.42 0.23 0.61 |
Table 1: One metre reZsampling at a nominal > 0.5 g/t Au, *4 metre composite
Figure 1: Linden North Prospects Location Plan over AeromagneticsThe Golden Orb Prospect represents a potential new discovery and a new priority target amongst a growing regional portfolio of targets within this poorly explored tenement package. Significant results reported in an ASX release on 20 October 2015 include:*
| EXAC078: EXAC079: | 2 metres at 8.02 g/t Au from 3 metres, including; 1 metre at 13.50 g/t Au from 3m 13 metres at 1.29 g/t Au from 0 metres, including; |
5 metres at 2.15 g/t Au from 6 metres | ||
| EXAC069: | 2 metres at 3.80 g/t Au from 3 metres including; 1m at 6.87 g/t Au from 4m |
| EXAC080: | 4 metres at 3.80 g/t Au from 8 metres including; |
| EXAC074: | 2m at 5.6 g/t Au from 11m 2 metres at 2.27 g/t Au from 7 metres |
| EXAC068: | 4 metres at 1.67 g/t Au from 16 metres (4 metre comp) |
Exterra Resources Limited published this content on 30 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 June 2016 01:10:02 UTC.
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