Millennium Receives High Grade Result From Golden Gate Drilling

Millennium Receives High Grade Result From Golden Gate Drilling

Millennium Minerals Limited (ASX: MOY) announced on 17th April 2019 that the company received significant results from the ongoing drilling at Golden Gate Mining Centre, which is a part of fully-owned Nullagine Gold Project in Western Australia.

Millennium received high-grades from the ABC Reef, Condor, Crow and D Reef deposits and also identified a new mineralised zone towards the east of D Reef and named the new mineralised zone as Rhino’s Reward.

The company targeted the ABC and D Reefs along with Crow deposit for underground mine development, which is now scheduled to commence in the quarter of September 2019, along with an open pit mine development plan at Golden Gate.

High-grade results:

ABC Reef:

Drill hole identified as ABCRD070 resulted in 3m @ 3.8g/t of gold from 206m, including 1m @ 6.03g/t of gold.

Drill hole identified as ABCRD072 resulted in 5m @ 2.51g/t of gold from 139m, including 1m @ 5.49g/t of gold.

Drill hole identified as ABCRD074 resulted in 6m @ 3.62g/t of gold from 106m, including 1m @ 17.15g/t of gold.

Drill hole identified as ABCRD077 resulted in 2m @ 3.83g/t of gold from 90m, including 1m @ 7.04g/t of gold.

Drill hole identified ABCRD078A resulted in as 3m @ 9.83g/t of gold from 90m, including 1m @ 28g/t of gold.

Drill hole identified as ABCRD079A resulted in 10m @ 9.84g/t from 96m, including 5m @ 18.04g/t of gold and 11m @ 2.15g/t of gold from 130m, including 1m @ 5.85g/t of gold and 1m @ 6.41g/t of gold.

Drill hole identified as ABCRD080 resulted in 12m @ 3.02g/t of gold from 143m, including 1m @ 5.03g/t of gold and 2m @ 8.44g/t of gold.

Crow:

Drill hole identified as CROWRD0101 resulted in 4m @ 3.91g/t of gold from 84m, including 1m @ 8.64 g/t of gold.

  • Drill hole identified as CROWRD0104 resulted in 3m @ 3.62g/t of gold from 118m, including 1m @ 8.86 g/t of gold.

D Reef:

Drill hole identified as DRRD0035 resulted in 14m @ 3.42g/t of gold from 83m, including 2m @ 7.26g/t of gold and 3m @ 5.39g/t of gold.

 Drill hole identified as DRRD0036 resulted in 3m @ 3.43g/t of gold from 117m, including 1m @ 6.83g/t of gold and 2m @ 3.94g/t of gold from 127m, including 1m @ 6.46g/t of gold.

Drill hole identified as DRRD0038 resulted in 9m @ 1.47g/t of gold from 117m, including 1m @ 5.12g/t of gold.

Drill hole identified as DRRD0039 resulted in 12m @ 0.99g/t of gold from 115m, including 1m @ 5.63g/t of gold.

Drill hole identified DRRD0040 as 8m resulted in @ 2.41g/t of gold from 119m, including 1m @ 10.2g/t of gold.

Condor:

Drill hole identified as CORD150 resulted in 3m @ 7.63g/t of gold from 37m, including 2m @ 10.94 g/t of gold

Drill hole identified as CORD151 resulted in 4m @ 8.96g/t of gold from 43m, including 3m @ 11.24 g/t of gold.

Drill hole identified as CORD152 resulted in 6m @ 8.34g/t of gold from 43m, including 3m @ 15.94 g/t of gold.

Drill hole identified as CORD153 resulted in 2m @ 20.68g/t of gold from 11m, including 1m @ 37.1 g/t of gold.

Drill hole identified as CORD154 resulted in 4m @ 10.39g/t of gold from 20m, including 2m @ 19.9 g/t of gold.  

Drill hole identified as CORD155 resulted in 3m @ 7.78g/t of gold from 27m, including 1m @ 19.3 g/t of gold.

Drill hole identified as CORD156 resulted in 2m @ 8.68g/t of gold from 41m, including 1m @ 16.4 g/t of gold.

Drill hole identified as CORD181 resulted in 2m @ 9.82g/t of gold from 62m, including 1m @ 18.3 g/t of gold.

Drill hole identified as CORD187 resulted in 3m @ 3.92g/t of gold from 44m, including 1m @ 7.67 g/t of gold.

Drill hole identified as CORD188 resulted in 8m @ 5.85g/t of gold from 26m, including 3m @ 11.19 g/t of gold and 5m @ 18.82g/t of gold from 38m, including 3m @ 30.55 g/t of gold.

Drill hole identified as CORD189 resulted in 4m @ 5.43g/t of gold from 23m, including 2m @ 8.9 g/t of gold.

Drill hole identified as CORD195A resulted in 1m @ 9.05g/t of gold from 87m.

The company identified a new target through rock chip and soil sampling, which revelled a mineralised zone – Rhino’s Reward.

The Results include:

Drill hole identified as GGX0375 resulted in 6m @ 8.99g/t of gold from 13m, including 4m @ 12.88g/t of gold.

Drill hole identified as GGX0376 resulted in 7m @ 2.59g/t of gold from 55m, including 1m @ 7.15g/t of gold.

Now the company plans further drilling at Golden gate to infill the current mineralisation and to test for open extensions potential of the mineralisation.

The Share of the company was trading at A$0.155 (as on 17th April 2019), unchanged as compared to its previous close.


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