- Initial phase of drilling completed at Rose of Denmark mine
- High-grade results returned such as 7.30 metres at 153.57 g/t gold
- Maiden resources anticipated for early June
AuStar Gold has completed the initial first phase of resource definition at its Rose of Denmark mine.
This drill aimed to identify the geometry of the main dyke and to identify zones of mineralisation. The initial drill was restricted to a depth of 30 metres with room for the development of two 15-metre-high sub-levels.
A maiden JORC compliant mineral resource is expected to be completed by the end of May 2019.
Located 120 kilometres east of Melbourne, Morning Star was purchased by AuStar in August 2015. AuStar also took over Rose of Denmark as a result of this purchase.
The gold field where both mines are located is believed to be one of the most significant in Australian history with gold production exceeding 155 tonnes. In the 1950s Morning Star was one of Australia’s largest gold mines having produced excess of 800,000 ounces of gold at an average grade of 26.5 g/t.
Thirteen additional diamond drill holes were completed for a total of 468 metres along the length of Rose of Denmark. The holes were designed to test areas of multiple quartz veining and mineralisation.
Notable results include 1.50 metres at 51.46 g/t gold, 1.80 metres at 15.14 g/t gold and 7.30 metres at 153.57 g/t gold.
AuStar CEO Tom de Vries is pleased with the results and hopes follow-up drilling will achieve similar grades.
“The spectacular results obtain from the drilling shows that coarse gold continues to occur, which when coupled with the trial mining and processing successfully undertaken in 2018 will lead to a confident economic justification to increase production from this strategic asset,” he said.
Geological modelling and analysis will now be undertaken on all completed drill holes with a maiden resource anticipated for early June.