The prospect’s mineralisation is found within the wider Jumbuck Gold Project area and starts 12 metres from surface, Western Gawler Craton Joint Venture manager Tyranna reported today.
The JV is owned by a number of parties, including Tyranna, WPG Resources Ltd (ASX:WPG) and Coombedown Resources Pty Ltd.
The infill drilling program was aimed at upgrading Campfire Bore’s JORC-compliant inferred resource to the indicated category.
Tyranna’s best intersection from the campaign at Campfire Bore also included 6 metres at 5.13 g/t gold.
Thirty-five reverse circulation (RC) holes for 1,989 metres were drilled at Campfire Boreand the results will be incorporated into the resource model when it is updated.
Tyranna managing director Bruno Seneque said: “Finding good grades so close to surface was a welcome surprise and interfacing the supergene at these levels underscores our confidence in this project.
“This infill program just completed is a major step forwards for Campfire Bore and will allow the company to upgrade and increase the confidence of the current resource.
“The closer-spaced drilling will also allow the Tyranna team to shore up internal structural and mineralisation models which will have a positive impact for exploration, not only at Campfire Bore, but over the whole Jumbuck project area.”
Jumbuck is within trucking distance of JV investor WPG’s wholly-owned 1.2-million-ounce Challenger gold mine.
Earlier this year, the JV increased the gold resource at Jumbuck by 46% or 100,000 ounces to 319,000 ounces at an average grade of 1.1 g/t gold.
The project includes five other deposits besides Campfire Bore —Golf Bore, Greenewood, Monsoon, Typhoon and Mainwood.
WPG Resources went into administration at the end of the financial year, with RSM Australia Partners taking over the junior miner's operations and controlling its assets.