The Company is pleased to advise that very high-grade gold assay results have been returned from surface rock chip samples collected during follow-up work at its C6 gold prospect, part of the Burnside Northern Leases in the Pine Creek region of the NT, approximately 170 km from Darwin.
The Northern Leases host multiple kilometre-scale gold targets with the potential for economically significant gold mineralisation along the same structural corridor as Cosmo Howley (where modern mining has produced over one million ounces of gold) and numerous other gold deposits (refer ASX release 13 February 2023).
Twenty-two (22) rock-chip samples were collected from quartz-gossan units that sporadically outcrop over an area of 140 m by 50 m along the northern extension of the C6 anomaly, providing new information about the host material and confirming the potential of the prospect. Of the 22 samples, all returned elevated gold and 15 returned assays greater than 1 g/t gold including five samples over 100 g/t gold with a peak value of 186.6 g/t gold. Significantly, no drilling has been undertaken in the immediate vicinity of these new high-grade surface samples.