Fill campaign yields high-quality gold results for Classic

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Classic Minerals has returned high-grade gold intersections from the first 10 holes of an RC drilling campaign at its flagship Kat Gap project near Southern Cross in the Goldfields region of WA.

Highlights of the assay include a 3m intersection grading 13.23 grams per tonne gold from 32m, including 1m reading a significant gold grade of 17 g/t from 34m.

Another hole recorded a section of 5 m at 7.36 g/t gold from 42 m including 2 m going to 14.2 g/t from 42 m.

The 109-hole infill program was designed after Classic’s recent bulk sampling operation which returned 1011 ounces of gold.

Additional results include a 3m intersection grading 7.04 g/t gold from 43m, including 1m at an impressive 19.4 g/t from 44m.

Classic says the majority of infill drilling will focus on holes at depths of 40m to 70m, but deeper holes of 100m to 140m will also be drilled with the aim of extending gold mineralization to a greater depth. depth and down dip.

Latest assay results were from holes approximately 200m north along strike for 555m drilled.

The company says the overall infill program for 7,110m is expected to take between four and six weeks depending on local weather conditions, with further results published once available.

The 93,000 ounce Kat Gap deposit grading 2.96 g/t gold is the highest contributor to the company’s total gold inventory of just over 400,000 ounces.

Last year, Classic’s test mining operation received approval from the state regulator to mine a maximum of 49,000 tonnes of Kat gap, with work primarily aimed at refining the plant process and optimize pit design.

In May, the bulk sample extraction was finalized and Classic is currently pursuing geological and engineering studies to facilitate final pit design work.

Early last month, the company moved closer to full-scale production at its flagship project after hitting a major body of water in its first exploration hole.

The water borehole was found near the company’s main haul road, just over a mile from Classic’s processing center where it has already installed a pair of process water tanks and a gold processing shed.

The company’s Gekko processing plant is a mobile unit capable of processing up to 250 tonnes of ore per hour and is approximately 7 km from the Classic mining field.

With continued strong results at Kat Gap from the latest round of infill drilling, Classic appears to be moving steadily towards its goal of becoming a gold producer.

Is your ASX-listed company doing anything interesting? Contact: matt.birney@wanews.com.au

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