logo-loader
viewArrow Minerals Ltd

Arrow Minerals confirms major gold prospect with aircore drilling

Prospects T8 and T6 have been drilled with aircore drilling now underway at T2.

aircore drilling
Assays from 394 holes drilled at T6 are expected by the first week of June 2018

Arrow Minerals Ltd (ASX:AMD)  has intersected bedrock gold mineralisation in multiple holes at its T8 prospect within the Strickland Gold Project in Western Australia.

Aircore drilling confirmed a major 1.8x0.4 kilometre bedrock gold anomaly, which remains open to the south.

End-of-hole analysis identified zones of highly elevated pathfinder elements that are associated with the key gold-bearing structures.

Such highly elevated pathfinder elements indicate the presence of a large, well-developed gold mineral system.

Shares increased 12% to 2.8 cents intra-day.

READ: Arrow Minerals may have notched up another bullseye at Strickland

Arrow’s managing director Steven Michael said: “Arrow is rapidly advancing its exploration activities at the 100%-owned Strickland Gold Project, with the first major gold drilling program ever undertaken in the area.

“The results from the first of four prospects to be drilled have confirmed bedrock gold mineralisation over a strike length of 1.8 kilometres with the prospect remaining open to the south.

“This is a very exciting result for Arrow, with the first strike-extensive, drill tested, bedrock gold anomaly.

“The footprint at T8 (1.8x0.4 kilometres) is of a similar size to maiden aircore and RAB drill results from the Lake Roe (Breaker Resources NL (ASX:BRB)) and Gruyere (Gold Road Resources Ltd (ASX:GOR)) gold deposits.”

2018 aircore drilling program testing multiple prospects

In March, Arrow commenced a 26,000-metre aircore drill program targeting the T1, T2, T6 and T8 prospects.

Drilling commenced at the T8 prospect where late-2017 drilling confirmed thick, continuous gold mineralisation with multiple high-grade intersections.

Drilling of the second prospect, T6 is now complete with assays pending and drilling is underway at T2.

Once all targets are drilled, a follow-up aircore program will commence, estimated to be in the September quarter.

Quick facts: Arrow Minerals Ltd

Price: 0.007 AUD

ASX:AMD
Market: ASX
Market Cap: $6.35 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Arrow Minerals Ltd named herein, including the promotion by the Company of Arrow Minerals Ltd in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Segue Resources Sydney/Melbourne Investor Luncheon Presentation

Segue Resources Sydney/Melbourne Investor Luncheon Presentation.

on 08/04/2015

2 min read