New Age Exploration announced that its maiden reverse circulation (RC) drilling program at the Lammerlaw gold project in New Zealand has intersected shear zone-hosted gold mineralisation analogous to the Macraes deposit.
The Australian-based exploration and development company commenced its maiden Phase 1 drilling in April and completed the program in May with five holes drilled for 458 metres.
“This is an important milestone for NAE and the Lammerlaw project. From the outset, our vision was to test the southern limb of the Otago antiform for Macraes-style mineralisation,” said Executive Director Joshua Wellisch.
“We identified Lammerlaw as the key ground to hold, and within our first 500 metres of drilling, we have intersected exactly what we set out to find – shear zone-hosted gold mineralisation with the same characteristics that underpin the Macraes system.”
The best intersection was 6 m @ 0.65 g/t Au from 92 m, including 2 m @ 1.05 g/t Au, hosted in
muscovite-rich, graphite-bearing schist with elevated tungsten (1,750 ppm) and arsenic (680 ppm). Other intersections returned gold grades between 0.1–0.4 g/t Au over 2-3 m intervals, coincident with elevated arsenic and tungsten, further supporting the Macraes analogue.
In December 2019, New Age was granted a 265 km² Prospecting Permit covering the prospective Lammerlaw area in Otago, NZ. The Lammerlaw Prospecting Permit adjoins New Age’s Otago Pioneer Quartz Exploration Permit 60502 to the southeast.
Source: New Age Exploration