Mt Stirling Well Delivers Strongest Results to Date
Key points
- Mt Stirling Well delivers its strongest results to date with high-grade intercepts
- Multiple intercepts above 7 g/t Au confirm high-grade shoots
- Grade control drilling informs updated mining models and mine planning
Full summary
GoldArc Resources Limited (ASX:GA8) has reported the third batch of grade control results from the Mt Stirling Well deposit, delivering the deposit's strongest results to date. The results include multiple intercepts above 7 g/t Au, with standout results such as 4m @ 9.24g/t Au from 16m including 1m @ 27.5g/t Au from 18m. These results confirm the presence of high-grade shoots consistent with the deposit's geological model. The first phase of grade control drilling at Mt Stirling is largely complete, with the results informing updated mining models and mine planning in preparation for the anticipated approval of the Mining Development and Closure Proposal (MDCP). The 34,000m grade control program is fully funded by BML Ventures Pty Ltd under a 50/50 net profit share arrangement.
Outlook
Subject to MDCP approval, GoldArc and BML Ventures anticipate mining will commence at Mt Stirling.
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