{"id":11461,"date":"2024-06-27T01:16:55","date_gmt":"2024-06-27T01:16:55","guid":{"rendered":"https:\/\/economicherald.net\/?p=11461"},"modified":"2024-06-27T01:16:55","modified_gmt":"2024-06-27T01:16:55","slug":"bulk-sampling-reveals-high-grade-gold-at-everest-metals-revere-project","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=11461","title":{"rendered":"Bulk sampling reveals high grade gold at Everest Metals\u2019 Revere project"},"content":{"rendered":"<p>Everest Metals bulk sampling reveals up to 33.5g\/t gold at Revere project<br \/>\n8,000 tonnes of gold mineralised material have been stockpiled<br \/>\nBulk earthmoving sample to be completed mid-July<\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report:<\/em> Everest Metals Corporation says its bulk sampling program at the Revere gold and base metals project in WA indicates the potential for the existence of a large orogenic gold system starting at surface and continuing at depth.<\/strong><\/p>\n<p>The project sits along an inferred extension of the Andy Well Greenstone Shear System, which also hosts the DeGrussa and Monty copper-gold mines, and includes a system of richly endowed gold reefs \u2013 the Revere Reef system \u2013 that surface over a strike of 7km and have a long history of alluvial mining.<\/p>\n<p>The company has now completed initial drill and blasting for its 36,000t bulk sampling program in just a small section of the identified Revere Reef with the aim of identifying the extent of the gold carrying reefs systems.<\/p>\n<p>So far, results include samples of up to 33.5g\/t gold, which <a href=\"https:\/\/stockhead.com.au\/company\/everest-metals-corporation-emc\/\"><strong>Everest Metals (ASX:EMC)<\/strong><\/a> says indicates shallow near surface high grade gold mineralisation at the project.<\/p>\n<p>A total of 8,000t have now been stockpiled, with the earthmoving of bulk sample material expected to be completed by mid-July.<\/p>\n<p>\u00a0<\/p>\n<p><em>A high-grade portion of the reef post-crushing. Pic via EMC<\/em><\/p>\n<p>\u00a0<\/p>\n<h2><strong>On track for resource delivery<\/strong><\/h2>\n<p>While no resource has been defined to date, the project does have an exploration target of 2.5Mt to 4.1Mt at grades between 1g\/t and 2.5g\/t gold, or up to 334,000oz of contained gold.<\/p>\n<p>The company will now look to commence Gekko Gold processing plant mobilisation and gold processing planned in mid-July.<\/p>\n<p>Following the bulk sampling program, an air core drilling campaign will kick off to establish additional JORC compliant resources with near surface gold potential.<\/p>\n<p>\u201cInitial work undertaken for the bulk sampling program has given the company confidence that the encountered geological mineralised structures and gold bulk grades will underpin the delivery of a maiden JORC compliant resource in line with the 334,000oz exploration target,\u201d EMC executive chairman and CEO Mark Caruso said.<\/p>\n<p>\u201cWe are now advancing to the primary, secondary, and tertiary processing phases which include gold production through a purpose built Gekko gold processing plant.<\/p>\n<p>\u201cThis bulk sampling and gold processing will enable us to continue with further drilling and bulk sampling, enhancing the project\u2019s gold resource potential.\u201d<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span><em>\u00a0<\/em><\/p>\n<p><em>This article was developed in collaboration with Everest Metals Corporation, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n<p><em>\u00a0<\/em><\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/bulk-sampling-reveals-high-grade-gold-at-everest-metals-revere-project\/\">Bulk sampling reveals high grade gold at Everest Metals\u2019 Revere project<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Everest Metals bulk sampling reveals up to 33.5g\/t gold at Revere project 8,000 tonnes of gold mineralised material have been stockpiled Bulk earthmoving sample to <a href=\"https:\/\/economicherald.net\/?p=11461\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":11462,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-11461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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