Is this anywhere near where Lasseter purported to have found the motherlode?
A lot of upward volume went thru this puppy today. These figures if correct, are amazing.
Document date: Fri 25 Oct 2002 Published: Fri 25 Oct 2002 14:54:23 Document No: 226061 Document part: A Market Flag: Y Classification: Progress Report - Other CROESUS MINING NL 2002-10-25 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++ Subsequent to the results released in our September quarterly report final results for the recent drilling at the Gladstone prospect 8km east of Norseman have been received.
The results are very positive including a spectacular result of 7m at 67.4g/t from 62m. This intercept included a single metre assay of 433g/t that contained numerous particles of gold including several thumbnail size nuggets. The nuggets were removed from the sample before being sent for analysis.
Some of the better results for Gladstone are shown below (including results from the September Quarterly) and full results are detailed in Appendix 1.
HOLE ID INTERCEPT
GLRC001 2 m @ 11.30 g/t gold from 21 m GLRC003 8 m @ 28.41 g/t gold from 16 m GLRC006 10 m @ 3.98 g/t gold from 27 m GLRC007 1 m @ 8.78 g/t gold from 4 m GLRC013 3 m @ 17.75 g/t gold from 14 m GLRC014 2 m @ 12.46 g/t gold from 30 m GLRC015 3 m @ 61.72 g/t gold from 23 m GLRC016 2 m @ 8.96 g/t gold from 17 m GLRC022 2 m @ 10.56 g/t gold from 32 m GLRC041 1 m @ 16.37 g/t gold from 55 m GLRC043 6 m @ 5.54 g/t gold from 38 m GLRC044 7 m @ 67.38 g/t gold from 62 m
A resource estimate is now being calculated for Gladstone along with metallurgical testwork. Pit optimisation studies will follow this work and results should be available for the December quarterly report. Further drilling along strike and downdip of the Gladstone mineralisation is planned.
A drill hole plan of Gladstone is included in the September quarterly report
For further information, please contact:
Michael Ivey Graeme Smith MANAGING DIRECTOR & CEO COMPANY SECRETARY (08) 9091 2222 (08) 9091 2222 Website: www.croesus.com.au.
APPENDIX 1
SIGNIFICANT INTERCEPTS FOR GLADSTONE PROSPECT DIAMOND AND RC DRILLING >1.0G/T AU
Notes: RC Results - Final assay results from reverse circulation drilling 1m riffle splits, 2mmaximum internal dilution, 1 g/t Au lower cut, no upper cut, Gold analyses performed using Leachwell Method/ICP Spectrometry by Ultratrace Laboratories, Perth.
Diamond Core - Final Assay results from (1/2) HQ3 core, 2m maximum internal dilution, 1 g/t Au lower cut, no upper cut, Gold analyses performed using Leachwell Method/ICP Spectrometry by Ultratrace Laboratories, Perth.
CRS Price at posting:
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