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Minerals 260 has intersected 1.1 metres at 290 grams per tonne gold at its Bullabulling gold project in Western Australia, with grade control drilling also returning high-grade results that support confidence in the 6.2-million-ounce mineral resource.
The results come from ongoing infill, grade control and extensional drilling at the project, 25km south-west of Coolgardie.
The company received results from 320 grade control holes totalling 25,970 metres and 53 infill and extensional holes totalling 11,674 metres across the Phoenix, Bacchus, Kraken and Dicksons deposits.
At Phoenix, grade control drilling returned 7 metres at 10.9 grams per tonne gold from 7 metres, including 2 metres at 35.4 grams per tonne gold.
Other results included 21 metres at 3.4 grams per tonne gold from 27 metres, including 1 metre at 52.6 grams per tonne gold, and 11 metres at 9 grams per tonne gold from 49 metres, including 2 metres at 44.8 grams per tonne gold.
At Bacchus, infill drilling intersected 1.1 metres at 290 grams per tonne gold from 170 metres, alongside 7 metres at 4.3 grams per tonne gold from 246 metres, including 0.8 metres at 26.9 grams per tonne gold.
Minerals 260 managing director Luke McFadyen said the results reinforce the company’s confidence in the scale and continuity of mineral resource, while highlighting opportunities to unlock additional value through further resource growth at depth and along strike.
“Together with diamond drilling and ongoing geological studies, this work will support mine planning, grade-control design and the definitive feasibility study,” McFadyen said.
“Strong intersections at Phoenix and Bacchus, together with our improved understanding of the structural geological controls on higher-grade mineralisation, are helping us identify new opportunities both within and beyond the existing resource to support growth.”
Minerals 260 said preliminary analysis of the initial grade control program, including comparisons between 39 pairs of reverse circulation holes, indicated overall gold grades were consistent with the drilling underpinning the existing mineral resource estimate.
A second program is expected to begin shortly, with results to support the definitive feasibility study, grade control strategy and resource-to-reserve evaluation.
Further drilling is planned to assess the geometry and continuity of higher-grade zones at Bacchus, while regional exploration targets have also been generated from a ground gravity survey.
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