WIN Metals (ASX: WIN) has confirmed mineralisation at the Butchers Creek in the Kimberley region of Western Australia with recent exploration drilling results showing the gold deposit remains continuous and open at depth.
Drill hole 24BCRCD008 intersected 11m @ 3.01g/t Au some 260m to the south of previous drilling within the current resource envelope. This intercept is within a broader zone of mineralisation returning 16.52m @ 2.10g/t Au.
These results were from WIN’s first drilling programme at Butchers Creek which comprised of 25 drillholes for 7,200m. The programme included five exploration step out holes, of which four (4) intersected gold mineralisation. The objectives of the program were achieved with resource infill holes increasing resource confidence and the step out exploration drilling results confirming the conceptual mineralisation targets and the project upside potential.
“The results released today from the main Butchers Creek mineralisation demonstrating continuity down plunge is an exciting development for the Project, showing that the resource continues well below where it was previously thought to terminate," CEO, Steve Norregaard, said.
"A major success with these results underscoring the significant growth potential of the Butchers Creek mineral resource we now see.
“We now progress with planning our next phase of drilling with the knowledge “the gold is there” with work programmes becoming an exercise of further definition and growth. With such a large system at play and the magnitude of the massive step out success, delineating the gaps in between will keep us well and truly primed for further success. The best is yet to come.
“We look forward to our next upcoming field season with great anticipation.”
Previous drilling by Meteoric Resources had suggested mineralisation down plunge of the current mineral resource envelope was terminating in its down plunge extent. Upon review these two holes BCRD489 (3m @ 1.22g/t Au) and BCRD490 (1m @ 1.13g/t Au) are projected to have been drilled above and below the high-grade hinge of the Butchers Creek fold, missing the target location where conceptually mineralisation would be intersected.
WIN Metals were of the view that the gold system remained open at depth and have now proven that correct with the exciting intercept of 11m @ 3.01g/t Au (24BCRCD008) 260m beyond the previous resource drilling. This is further reinforced by WIN’s previously announced 24BCRC004 drill result of 10m @ 2.54g/t Au1 some 180m down plunge to the south and in line with the overall down plunge projection of the mineralised anticline.
