Engineering & Mining Journal

JUN 2018

Engineering and Mining Journal - Whether the market is copper, gold, nickel, iron ore, lead/zinc, PGM, diamonds or other commodities, E&MJ takes the lead in projecting trends, following development and reporting on the most efficient operating pr

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Page 36 of 115

REGIONAL NEWS - EXPLORATION ROUNDUP JUNE 2018 • E&MJ 35 Exploration Briefs has reported high- grade drill results at depth from drilling at the Robbin's Hill area in a structure par- allel to the Fosterville trend, which hosts the company's Fosterville mine in Victoria state, Australia. Drilling from surface has returned intercepts of visible gold, with some of the highest gold grades seen to date from the Robbins Hill area. Drill results are reported from 39 drill holes totaling 24,985 meters (m) that define four mineralized structures in the Robbin's Hill area. Exploration drilling in the area began in August 2016, targeting down-dip extensions of mineralized struc- tures mined from open pits in the 1990s. Drill results have demonstrated continuity of grade along the four structures, and re- sults indicate an increasing grade profile at depth. Ongoing drilling from surface is continuing to test the depth extent of the mineralization, recognizing that the high- est-grade mineralization at the Fosterville mine occurs below the 800-m level. "We have consistently said that there could be additional Fostervilles on our Fosterville land position, and a sizable portion of our roughly $40 million ex- ploration budget for the area in 2018 is focused on finding the next mining oper- ation," Kirkland Lake President and CEO Tony Makuch said. "The intersection of high-grade, visible gold-bearing mineral- ization at Robbin's Hill is very encourag- ing and supports our view that a substan- tial mineral resource and mineral reserve expansion opportunity exists within our existing land holdings." Exploration drilling is ongoing in the Fosterville area, with a total of 10 surface and underground drills in operation test- ing both in-mine and regional targets. ( Anaconda Mining has reported an excep- tionally high-grade intercept of 752.54 grams per metric ton (g/mt) gold over 0.5 m from 145 m downhole at its Goldboro gold project 185 kilometers (km) north- east of Halifax, Nova Scotia. The drill program has successfully extended known mineralization down-dip approximately 100 m within the East Goldbrook gold sys- tem and also extended three recently dis- covered zones of mineralization that have expanded the overall width of the Goldboro deposit from 200 m to 350 m and expand- ed the strike of the deposit by 100 m. Anaconda has initiated a further 2,000 m of diamond drilling to follow up on the success of the drill program to date. As part of the extended drill program, Ana- conda will allocate approximately 500 m to infill certain areas of the mineral re- source that form part of the company's planned underground bulk sample, which is expected to occur later in 2018. "With the success of the drill program to date, we have extended the current drill program to begin testing new concepts, such as a relationship between faults and broader, high-grade zones as encountered in section 9100E, while continuing to move the project toward more advanced feasibility studies," Anaconda Mining President and CEO Dustin Angelo said. "Drill results to date indicate the poten - tial for further deposit expansion and an extended project life." (

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