Sign up Australia
Proactive Investors - Run By Investors For Investors

Arrow Minerals drills best gold intersection to date at T6 prospect

Drilling of the last prospect T1 is underway with assays from T2 expected next.
aircore drilling
The company has over $5 million in cash, receivables and listed investments

Arrow Minerals Ltd (ASX:AMD) has intersected bedrock gold mineralisation in maiden aircore drilling at its T6 prospect within the Strickland Gold Project in Western Australia.

A total of 394 holes for 7,937 metres were drilled on a 400x80 metre grid.

Four bedrock gold prospects have been identified from 1.5 to 3.5 kilometres in strike length, with several prospects remaining open along mineralised structures.

T6 has produced the best drill intercept to date from Strickland of 56 metres at 0.8 g/t from surface to the end-of-hole.

Part of a 26,000-metre aircore program

In March 2018, Arrow commenced the 26,000-metre aircore drill program targeting the T8, T6, T2 and T1 prospects.

Drilling started at the T8 prospect where late-2017 drilling confirmed thick, continuous gold mineralisation with multiple high-grade intersections.

Drilling at T8, T6 and T2 is now complete with assays pending for T2 – drilling is underway at T1.

Four anomalies at T6

Arrow has completed a major aircore drilling program at the T6 prospect, designed to test the extent of a 4.2x1.3 kilometre gold-in-soil anomaly.

The aircore drilling program has delineated four gold-in-bed rock anomalies:

• T6a – 1.5x0.3 kilometres;
• T6b – 1.7x0.3 kilometres;
• T6c – 3.5x0.3 kilometres; and
• T6d – 3x0.1-0.5 kilometres.

Best gold intersections included:

• 56 metres at 0.8 g/t from surface to end-of-hole including 24 metres at 1.6 g/t and 9 metres at 3.3 g/t;
• 34 metres at 0.3 g/t from surface including 6 metres at 0.6 g/t and 3 metres at 0.9 g/t; and
• 27 metres at 0.1 g/t from 11 metres including 3 metres at 0.7 g/t.

READ: Arrow Minerals divests final interest in Pardoo Project for cash

Arrow’s managing director Steven Michael said: “In May 2018, Arrow announced its first strike-extensive, drill tested, bedrock gold anomaly at the T8 prospect, with a footprint of 1.8x0.4 kilometres.

“Drilling at the T6 prospect has now confirmed four bedrock gold anomalies of equal or greater size than T8.

“In addition, the mineralised horizon identified at T6a and T6b provides a target unit to be drilled in 3Q 2018.”

Exploration elsewhere continues, over $5 million funding

Michael added: “In addition, Arrow has recently undertaken first-pass soil sampling over new tenements to the south of T14 and around T4, which we expect will add new gold targets to the portfolio.

“With over $5 million in cash, receivables and listed investments, Arrow is in a strong financial position.

“The company has sufficient funds to continue to drill and aggressively explore the 100%-owned Strickland Gold Project.”

View full AMD profile View Profile

Arrow Minerals Ltd Timeline

Related Articles

Picture of Emmerson's managing director and mining team
January 28 2018
Deposits in the Macquarie Volcanic Arc are often part of much larger systems.
cement mixer
June 04 2018
Pozzolan, and CS in particular, have become the most important area for the group
picture of fridges
November 30 2017
Discussions are advanced over acquisitions in both the fluorspar and industrial minerals sector

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use