logo-loader
viewEganStreet Resources Ltd

Egan Street Resources hits bonanza grade gold at Rothsay project

An updated resource estimate is expected early in 2018.

Map of company project
The gold project is in the Midwest of Western Australia

Egan Street Resources Ltd (ASX:EGA) will include results from recent drilling in a resource update for the Rothsay Gold Project in Western Australia.

Assays of up to 110 g/t gold over 0.42 metres from 418.7 metres have been returned from the first five holes of a nine-hole diamond drilling program.

The company aims to complete an update to the existing Rothsay 307,000 ounce resource at 10.8 g/t gold early in 2018.

Other results include 0.55 metres at 96.97 g/t gold from 328.7 metres, 1.97 metres at 20.4 g/t from 247.5 metres and 0.40 metres at 12.2 g/t from 239.7 metres.

The holes have targeted southern portions of the Woodley’s and Woodley’s East Shear resource with remaining results expected in January.

Diamond drilling to test the Clyde and Miners Shears targets is underway.

It will be the first regional exploration drilling at depth of any substance in the history of Rothsay.

A reverse circulation program is also being carried out designed to extend the Woodley’s northern extension and to infill and extend the Woodley’s East Shear resource.

Quick facts: EganStreet Resources Ltd

Price: 0.28 AUD

ASX:EGA
Market: ASX
Market Cap: $39.1 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of EganStreet Resources Ltd named herein, including the promotion by the Company of EganStreet Resources Ltd in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

2 min read