GoldArc Resources (ASX:GA8) has reported its ‘strongest’ individual gold intercept to date from the Mt Stirling Well deposit, as the company advances toward production at the Leonora North hub.
The fourth batch of grade control results from Mt Stirling Well returned intercepts, including 1m @ 31 grams per tonne gold (Au) from 15m and 2m @ 13.46g/t Au from 7m, including 1m @ 21.4g/t Au.
Additional results include 2m @ 9.43g/t Au from 14m and 2m @ 6.31g/t Au from 19m, including 1m @ 11g/t Au from 20m.
Results from 66 holes total 1,345m and continue to confirm systematic mineralisation at Mt Stirling Well, which hosts a JORC inferred mineral resource of 198,000 tonnes @ 2.3g/t Au for 15,000oz.
The ninth batch of results from the main Mt Stirling deposit covers the central and eastern upper zone, with notable intercepts including 2m @ 1.41g/t Au from 6m and 3m @ 1.19g/t Au from 7m.
Phase one of the Mt Stirling grade control program is now largely complete, with approximately 25,292m of the 34,000m combined program finished.
Results are informing updated mining models and mine planning in preparation for anticipated approval of the mining development and closure proposal.
The 34,000m grade control program is fully funded by BML Ventures under a 50/50 net profit share arrangement, with GoldArc retaining 100% ownership of both deposits.
GoldArc Resources is a Western Australian gold developer advancing the Mt Stirling and Mt Stirling Well deposits within the Leonora North hub under a net profit share arrangement with BML Ventures.
Write to JC Villarba at Mining.com.au
Images: GoldArc Resources
