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    Carawine Reports High Grade 23m @ 5.06g/t Gold at Hill 800

    Carawine Resources Limited (ASX: CWX) has announced high gold grades from twin diamond drill hole at the Hill 800 gold prospect.

    Significant results included 34m @ 3.84g/t Au from surface, including 23m @ 5.06g/t Au from surface. The company said that the further assay results from its diamond drilling program at 800 Zone have confirmed its high-grade quality of historic drilling.

    Carawine’s Managing Director Mr. David Boyd announced that the results were an important step towards completing the company’s first Mineral Resource at Hill 800, due later in the year.

    The company has also announced that the Paterson region exploration program would be commencing soon. Meanwhile, the next assay results from Hill 800 drilling expected within 2 weeks.

    Part of Jamieson Project

    The Hill 800 is an advanced gold prospect within Carawine’s 100%-owned Jamieson Project, located in northeast Victoria. The Jamieson Project is located near the township of Jamieson in the northeastern Victorian Goldfields, covering an area of 34 km2 and containing the Hill 800 gold and Rhyolite Creek zinc-gold-silver prospects.

    High Grade Results

    The company reported that the assay results were from two diamond drill holes which were drilled adjacent to (twinned) historic reverse circulation (RC) drill holes in the near-surface 800 Zone.

    Significant results from the diamond drill holes include:

    • 34m @ 3.84g/t Au from surface (0.3g/t Au cut-off) including 23m @ 5.06g/t Au from surface (1g/t Au cut-off); and
    • 45m @ 0.93g/t Au from 30m (0.3g/t Au cut-off) including 7m @ 1.51g/t Au from 30m (1g/t Au cut-off), and 5m @ 1.21g/t Au from 42m, and 6m @ 1.97g/t Au from 53m.

    To Be Used For Mineral Resource Estimate

    Substantial historic drill hole database is typically considered suitable for Mineral Resource estimation purposes. Carawine said that the holes deliberately targeted higher and lower grade parts of the mineralised zone to confirm the historic grades to allow historic drilling to be used in the upcoming Mineral Resource estimate.

    What’s Next?

    Carawine said that that the next assay results from Hill 800 are expected within 2 weeks for drill hole H8DD019. It may be noted that this hole was drilled to test the Stringer and 650 Zones up-dip from drill hole H8DD004, which had the second-highest interval width returned from the prospect to date.

    The company said that the exploration field work is currently in progress at the Jamieson Project, with field mapping and sampling programs designed to investigate the potential to grow Hill 800 beyond the current limits of drilling and evaluate other high-priority prospects such as Hill 700, Mt Sunday Road and Rhyolite Creek. Results of these programs are expected to be announced over the coming months.

    Carawine’s MD Mr. David Boyd said, “There is a substantial database of historic drilling at Hill 800 which focussed on the near-surface 800 and 740 Zones. Our latest drilling results confirm this work to be reliable, of high quality, and suitable for inclusion in our upcoming Mineral Resource estimate for Hill 800.

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    • Delayed Prices (USD) - Last Updated 27-06-2022
    • Gold $1,826.40
    • Silver $21.14
    • Platinum $908.00
    • Palladium $1,802.00
    • Dalian Iron Ore i2209 $113.98
    • Aluminium $2,456.00
    • Cobalt $72,400.00
    • Copper $8,381.00
    • Lead $1,915.00
    • Nickel $22,400.00
    • Tin $24,590.00
    • Zinc $3,350.00