New Antimony-Gold Intersections at the Nagambie Mine

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Stock Nagambie Resources Ltd (NAG.ASX)
Release Time 20 Feb 2025, 9:39 a.m.
Price Sensitive Yes
 New Antimony-Gold Intersections at the Nagambie Mine
Key Points
  • Notable new diamond drilling intersections with up to 24.7 g/t AuEq (4.7% Sb plus 3.1 g/t Au) over 1.26m
  • Identification of a new N-S-striking C-style lode system with 6.1% Sb over 0.07m
  • Intersections of the southern 303SZ Thrust Fault, a new target for high-grade gold shoots
Full Summary

Nagambie Resources Limited (ASX: NAG) is pleased to announce new intersections for its 100%-owned, high-grade antimony-gold (Sb-Au) discovery at the Nagambie Mine. The recent drilling has highlighted the continuity of the high-grade mineralised structures and the potential to significantly increase the current Mineral Resource Estimation (MRE) through the identification of new N-S-striking C-Style lode systems and high-grade shoots on the E-W-striking primary structures. Notable new diamond drilling intersections include 24.7 g/t AuEq (4.7% Sb plus 3.1 g/t Au) over 1.26m EHT in hole NAD046 (N1 lode) and 19.8 g/t AuEq (3.3% Sb plus 4.5 g/t Au) over 1.2m EHT in hole NAD048 (C2 W vein). The drilling has also identified a new N-S-striking antimony vein in hole NAD014, representing a new C-style vein target at the east end of the West Pit. Additionally, the southern 303SZ Thrust Fault has been intersected in two holes, indicating a new southern target for high-grade gold shoots. The company is planning further testing of these new targets as it continues to update the current JORC MRE of 20,800 tonnes of antimony plus 58,000 ounces of gold.

Outlook

The company is planning further drilling to test the new N-S-striking C-style lode system and the southern 303SZ Thrust Fault target, with the aim of increasing the current Mineral Resource Estimation and extending the potential mine life.