Sign up Australia
Proactive Investors - Run By Investors For Investors

Arrow Minerals hits high grade gold in Eastern Goldfields

The Barlee project has potential to host multiple gold deposits.
Drilling at Barlee
Near-surface mineralisation has been intersected at all five prospects drilled

Arrow Minerals Ltd (ASX:AMD) has received high grade gold results from its Barlee project in the prolific Eastern Goldfields region of Western Australia.

Maiden drilling at T6 prospect returned up to 2.1 g/t gold and 128 g/t silver from a 27 metre intersection at 0.6 g/t gold and 18.7 g/t silver from 8 metres.

Drilling at T2 prospect returned a best result of 1 metre at 2.9 g/t gold within a 34 metre intersection at 0.5 g/t from 9 metres.

Near-surface mineralisation

Arrow has intersected near-surface gold mineralisation at all five Barlee prospects drilled in 2017.

Steven Michael, managing director, said: “It is exciting for Arrow to control 100% of a major Yilgarn Craton greenstone belt with minimal historical gold exploration.

“The high grade drill results from T6 demonstrate the project’s potential to host multiple gold deposits.

“Within the first year of pegging these tenements, we have completed several rounds of exploration, leading to drill testing of five targets.”

READ: Arrow Minerals makes greenfields gold discovery at Barlee Gold Project

Michael said: “Over the next 12 months, Arrow will continue to define, refine and drill gold targets, with 50 strike kilometres of gold-in-soil anomalies yet to be tested.

“We will commence a significant aircore drilling program in the first quarter of 2018 to systematically explore and expand on the results achieved in 2017.”

First drilling at T6

Arrow’s drilling program at Barlee was completed in late 2017 and included first drilling of the T6 prospect.

There were 29 aircore holes for 1,401 metres and six reverse circulation holes for 612 metres at T6.

The program was aimed at confirming gold mineralisation underlying the soil samples and identifying the underlying lithology.

Silver associated with gold

The presence of high grade silver associated with the gold potentially indicates a precursor VMS, skarn or epithermal contribution to the mineralised system.

Such a mineralised system would be similar to the Marvel Loch deposit near Southern Cross, which produced over 1.6 million ounces of gold at an average grade of 2.6 g/t.

At T1 and T2 prospects, seven reverse circulation holes and two diamond holes were drilled to follow up on areas of gold mineralisation identified in the September 2017 drilling program.

The Barlee project is 100 kilometres west of Menzies and 180 kilometres north of Southern Cross.

The Menzies and Southern Cross regions contain over 20 million ounces of known gold endowment.

View full AMD profile View Profile

Arrow Minerals Ltd Timeline

Related Articles

July 13 2018
AfriTin listed on AIM with plans to position itself as the African tin champion
MOU handshake
October 29 2018
The company said it was in discussions with other groups to be suppliers for its proposed Citronen facility in Greenland.
Funding sign
November 05 2018
Shortfall shares are to be distributed to sophisticated and ineligible shareholders.

© 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