Regener8 Resources NL to update the market regarding its drill planning for the Kookynie Gold Project. Further to the recent auger program results (ASX Announcement 31 January 2023), CSA Global and Regener8
have developed a targeting model to prioritise areas for drill testing across the Kookynie Gold Project. This has resulted in high priority targets at Niagara West being the focus for the upcoming drill program. The aim of the program will be to understand gold distribution along strike for regional trends, which can be later followed up by targeting depth extensions. The high priority target areas planned to test include Green Bullet, May-White Cross, Derwent /Bonnie Scotland and Spinaway-Jarrahdale. The Green Bullet area is considered a new and high priority target. The target represents a coherent Au in auger soil anomaly (Figure 1) and a wider spaced anomaly on the Principal Component Analysis - PC3. The Au in auger soil anomaly is coincident with high-grade Au assays in historical drilling of 3m @ 15.71 g/t Au from 14m (RONW0058) and 1 m @ 3.69g/t Au (RONW0082) from 38m. Importantly, historical drilling tested this target with wide-spaced (100m to 200m) RAB drill lines to a vertical depth of 50 m and a two RC drill holes to a vertical depth of 75 m. The shallow historical drill testing and wide drill line spacing offers the opportunity to test for strike and dip extensions. Note that drilling assay results are reported from historical exploration during the 1990s. These assays have been extracted from hard copy WAMEX reports and no QA/QC has been performed on the data. The drilling assay results are indicative only but are considered sufficient to develop further drill targets. For further information see Table 1. Historical drilling adjacent old workings of the May-White Cross trend found high grade mineralisation up to 2m @ 70.5 g/t Au. Drilling assay results are reported from historical exploration during the 1990s. Similar to earlier comments, these assays have been extracted from hard copy WAMEX reports and no QA/QC has been performed on the data. The drilling assay results are indicative only but are considered sufficient to develop further drill targets. Historical drilling typically tested the May trend to a vertical depth of 20m to 50m, with one section to a vertical depth of 75 m. Shallow historical drill testing and high-grade intersections of the Au bearing quartz vein means that the May trend remains a high priority target for further testing of strike and depth extensions of gold mineralisation. Importantly, highest grades at the May workings are located at the intersection of the ENE trend of the main workings and interpreted NE-trending structures.