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Excellent New Gold and Silver Discoveries at Rannes Gold Project |
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High Silver in Gold Discoveries at Rannes Gold Project |
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Gold Discovery in First Rannes Drillhole |
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Wholly owned D'Aguilar subsidiary, Central Minerals Pty Ltd, recently reported excellent grades and widths of gold and silver from first pass drilling on three of four prospects at the Rannes project in Central Queensland. The four prospects drilled were Kauffmans, Crunchie, Homestead and Porcupine Pie. Click here to view the drilling results.
Recent geological work and the drilling results to date indicate that the deposits are in the form of shallow pitching shoots that are preferentially developed in altered gently dipping limestone horizons, as opposed to the volcanic rocks. A shallow pitch implies that most of the recorded gold intercepts are close to true thickness (about 75% of the intersections).
Rannes gold mineralisation is considered to be epithermal in origin – as is the deposit at Cracow 120kms to the South. However, the association of the fine grained gold mineralisation with limestone rocks is more akin to the major Carlin styled gold orebodies in Nevada, USA. Geological knowledge about the Rannes Gold Project in SE QLD is at a very early stage and will increase rapidly as exploration proceeds across this large gold district which lies in tenements held by the Company.
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Background aeromag-netics on topography |
Soil and rock chip sampling |
Drilling at Rannes |
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