ASX-listed Anglo Australian Resources has delivered further stellar gold hits at the Mandilla gold project in WA, with a maiden resource estimate due for release shortly. The new drill intercepts at Mandilla East have extended the known mineralisation by 130m to the south and include 66m going 1.77 grams per tonne gold. Results from nearly 10,000m of drilling remain pending.
Other significant intercepts from the latest batch of results from 2,200m of drilling at Mandilla East include 9m going 4.21 grams per tonne gold from 85m depth, 38m at 1.06 g/t from 78m, 10m at 2.12 g/t from 48m and 11m at 1.75g/t from 41m.
Anglo Australian has been busy smashing out the metres at Mandilla since successfully completing an $11m capital raising in October last year with the aim of accelerating exploration activity at the project.
Some 10,600m of reverse circulation drilling was already ongoing at that time and as part of the expedited exploration efforts a further 60,000m of reverse circulation drilling and 10,000m of diamond drilling was tabled for the remainder of 2020 and throughout 2021.
Anglo Australian has already reported multiple broad and high-grade gold hits from drilling at Mandilla East across a strike length stretching over 1km, with select eye-catching intercepts including 26m going 8.29g/t gold from 76m depth, 13.4m at 7.02g/t from 180.4m in another hole and 38m at 4.96 g/t from 102m in yet another hole.
Impressively, Anglo Australian reported one of the recently drilled holes at Mandilla East intersected a 30m zone of mineralisation from 220m depth showing visible gold at 243.7m down-hole. The core from the hole has not yet been cut or submitted to the labs for assaying.
Around 1km to the south of Mandilla East, further broad gold hits have previously been returned by the company at the Mandilla South prospect that covers some 500m of strike. Better intercepts from a suite of stellar results include 17m going 3.29 grams per tonne gold from 101m depth and 52m at 1 g/t gold from 123m in a separate hole.
Anglo Australian Resources Managing Director, Marc Ducler said: “The drilling results reported today targeted mineralisation to the south of Mandilla East. This area has previously delivered wide zones of mineralisation and the excellent new results demonstrate the extension of Mandilla East to the south and south-east."
“With the ongoing 90-day turnaround times being delivered by the commercial assay industry, we expect to be receiving assay results through to July for drilling completed up to April. As a result, the maiden mineral resource estimate due for completion shortly will not include many of these recent results."
“This bodes extremely well for the potential to deliver further significant growth in the maiden MRE after we publish it later this month. We are also looking forward to the resumption of exploration drilling at the Mandilla gold project.”
Assay results from a further 69 reverse circulation holes totalling some 9,498m remain outstanding as the much-anticipated maiden resource estimate for Mandilla draws tantalisingly close.
Anglo Australian expects drilling at Mandilla to re-commence once all the outstanding assays have been received and reviewed with relation to the upcoming resource estimate and an independent geological appraisal of the mineral setting for Mandilla East and Mandilla South.
Anglo Australian looks to be bang on target with its drilling campaign at Mandilla. Given the calibre of drill results reported and the project’s location south of Kalgoorlie, the maiden resource is a crucial milestone that is likely to get the market’s full attention.
Is your ASX-listed company doing something interesting? Contact: matt.birney@businessnews.com.au
By Matt Birney
