CLASSIC MINERALS LIMITED Classic Minerals Limited announced that it has received further assay results from its extensive infill RC drilling program at its Kat Gap Gold Project in Western Australia. The Company has completed a further 32 holes for 1,850 metres at Kat Gap. Classic has drilled 67 holes for 3,975m at Kat Gap during July and August as part of a much larger 109- hole infill drilling campaign.
This announcement covers the next 32 RC holes (FKGRC425456) of the 109-hole program. Subsequent holes will be reported on in due course when assays become available. Infill RC holes FKGRC425456 are located right up the northern end of the infill drilling area testing for potential open pit mineable material which was indicated by previous broader spaced RC drilling conducted by Classic more than a year ago.
These latest holes are situated around 250m north of the cross cuttingProterozoic dyke and form part of the much larger infill drilling pattern. The thirty-two holes completed are inside the red rectangle indicating the area of infill drilling and are shown as red dots. The holes have been drilled on a 10m x 10m and 10m x 5m grid spacings to hit further high-grade pinch and swell quartz veins which were observed during the mining of the bulk sample pit.
The results have confirmed observations made while the bulk sample pit was mined and showthat 10m x 10m and 10m x 5m drill spacing is adequate to hit these high-grade pinch and swell quartz zones. The total 109-hole infill RC drilling program mostly covers an area 100m to 300m along strike to the north of the Proterozoic dyke and 200m north along strike from the recent bulk sample mining operation. The need for closer spaced infill drilling has eventuated from the recent bulk sample mining operation.
The pit was centred on an area of the resource block model, drilled on a 10m x 10m and 10m x 5m drill pattern, which came closest to the surface. The ore zone exposed during the bulk sample mining showed strong evidence of pinching and swelling of the main quartz veins over relatively short wavelengths of around 10-15m. To gain a higher level of confidence in the overall status of the current resource block model and to ensure adequate intersection of the higher-grade components of the gold ore zone, drillingneeds to be conducted on a minimum of 10m spaced sections and 10m spaced holes on the section.
This spacing will permit an upgrade from the current inferred status to indicated, needed for final pit design work. The infill program will also dramatically reduce the number of grade control RC holes required in pit once operations are underway. Most of the infill drilling will consist of relatively shallow holes down to depths of 40-80m.
However deeper holes down to 100-160m will also be drilled to extend the known gold mineralisation to greater depths down dip. This work will hopefully add additional mineable ounces and a potentially larger final open pit design. The overall infill RC drilling program consisted of 109 holes for 7,110.
Currently 78 holes for 4,655m have been completed to date. The remaining holes in the program should be completed in the next 3 weeks. Assay results will be released to the market as they become available.
The RC drilling program was suspended again due to severe weather conditions experienced on-site. Drilling has resumed onsite.
