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- Anglo Australian Resources (AAR) has found further outstanding results at its Mandilla Gold Project, near Kalgoorlie in Western Australia
- Six diamond drill holes, for 1858 metres, were drilled into Mandilla East and all six holes intersected wide zones of mineralisation
- Results in hole MDRC237 indicate Mandilla South is an exploration target that has the potential to match the scale of Mandilla East
- The company has begun a 70-hole, 10,600-metre reverse circulation (RC) drilling program at the project
- Today, Anglo is up 2.50 per cent and is trading for 20.5 cents per share
Anglo Australian Resources (AAR) has updated the market on its ongoing drilling program at its Mandilla Gold Project.
The project is located 70 kilometres south of gold town Kalgoorlie in Western Australia. During its diamond drilling program, the company has found further outstanding results.
Six diamond drill holes for 1858 metres were drilled into Mandilla East, all six holes intersected wide zones of mineralisation.
Results include 81.4 metres at 1.63g/t of gold from 179.6 metres and 2.8 metres at 6.41g/t gold from 131.6 metres including five metres at 4.23g/t gold from 264.7 metres.
Significantly, drilling has confirmed the continuity of mineralisation at Mandilla East and showed the presence of wide, strongly mineralised zones that remain open at depth and along strike.
Results in hole MDRC237 indicate Mandilla South is an exploration target that has the potential to match the scale of Mandilla East.
“In addition, hole MDRCD237 has, for the first time, demonstrated a zone of mineralisation at Mandilla South in the sediments that has continued through the contact and into the Emu Rocks granite at depth,” Managing Director Marc Ducler explained.
“This presents a significant and growing opportunity for continued exploration with as much potential for a large-scale mineralised system as we have seen at Mandilla East,” he added.
Anglo Australian is working on a maiden mineral resource for Mandilla East and hopes to complete this in the fourth quarter of 2020.
Marc is pleased with the completed diamond drill program and says it has given the company a structural tool kit to continue targeting the growing gold mineralisation.
“The latest assays include more impressive wide intercepts of strong mineralisation which show the continuity of mineralisation on-section while also confirming significant depth extensions,” he told the market.
On September 4, the company began a 70-hole, 10,600-metre reverse circulation (RC) drilling program.
On the market this morning, Anglo is up 2.50 per cent and is trading for 20.5 cents per share at 11:39 am AEST.
