Home' Australian Resources and Investment : March 2010 Contents AUSTRALIAN RESOURCES & INVESTMENT • MARCH 2010 • 41
mineralised zones and significant gold grades. New targets along strike
have been identified for aircore and RC drill programmes. A programme
of works has been lodged with DMP and is awaiting approval. Works will
commence immediately upon approval.
Total consideration for the tenements was $100,000 and the
granting of a 1.5% production royalty.
KURNALPI PROJECT: BRILLIANT
Carrick completed a 2,500 metre RC programme and a 1,000 metre
diamond drilling programme at the high grade Brilliant prospect, within
the Kurnalpi prospect. The programmes were aimed at increasing the
mineable ounces at the Brilliant prospect, which is currently part of the
PFS. Diamond and RC drilling programmes were completed in December.
Results from RC drilling supported further increases in the resource
inventory, with a 100 metre extension of the strike distance at the
Eastern Structure. The drilling also identified potential high tonnage
supergene mineralisation associated with the Western Structure.
Significant results are expected from diamond drilling as the
mineralised geology develops at depth. A total of 1,179 metres of core
in six diamond drill holes (SRD02 to SRD07) was completed in this
programme. A gold mineralised sulphidic sequence of altered ultramafic
and mafic rock units in a differentiated dolerite has been identified to a
vertical depth of approximately 520 metres.
Quartz veining and sulphides occur in core in mineralised doleritic
mafic rock units in drill hole SRD03 from 183 to 203 metres and in
SRD04 from 136 to 146 metres. The geology in SRD05, drilled to a
depth of 612 metres, has given significant alteration and sulphidic
alteration from 518 to 540 metres. In SRD06, core drilling above SRD05
was stopped in dolerite at a depth of 204 metres after passing through
significant quartz veining and sulphides. In SRD07, a quartz sulphide
mineralised dolerite was encountered to a depth of 214 metres and then
stopped at 219 metres in komatiite. The core logging of geology and
submission for cutting and analyses is in progress. Assay results are
Pre-collar drill holes for diamond drill holes SRD04, SRD06 and
SRD07 were stopped in mineralised dolerite to enable core to be
obtained in the mineralised zones for the geology including orientation
of structures and sampling. Significant assay results for gold and silver
in the pre-collar drill holes are given in Table 2. In particular, the assay
result in SRD07 (4m @ 10.3g/t Au from 87 metres) is in a mafic rock
unit rather than a doleritic rock unit suggesting that rock units other
than the doleritic units can be strongly mineralised.
Another programme of works for Brilliant Project has been lodged
with DMP and is awaiting approval. Works will commence immediately
TABLE 2: SIGNIFICANT INTERSECTIONS IN BRILLIANT PROJECT DIAMOND HOLE
TABLE 3: PRE-COLLAR COORDINATES
Carrick completed a 15 hole RC programme at Kalpini to test the lateral
extents of the Gambia structure. The Kalpini Project, which lies between
Lindsay’s and Kurnalpi, has potential to be developed as a satellite
deposit, contributing mill feed to either Lindsay’s or Kurnalpi. Carrick
has identified a JORC resource (inferred and indicated) of 240,000oz at
an average grade of 2.8g/t (Table 7), and the project is part of the PFS
currently being undertaken by Golder Associates.
Best intersections from drilling are listed in the Table 4 below, and
include 1m @ 16.65 g/t from 102m, 3m @ 10.55g/t from 93m, and 1m
@ 7.61 g/t from 24m.
The results extended the identified Gambia mineralisation at
Kalpini, and supported its current interpretation as a flat dipping, sub
horizontal structure (Figure 1). The results also provided further support
for the company’s PFS.
A programme of works has been lodged with DMP and is awaiting
approval. Works will commence immediately upon approval.
TABLE 4: NOTABLE INTERCEPTS OF RESULTS FROM DRILLING AT KALPINI PROJECT
Figure 1 Gambia Structure at Kalpini and location of recent drilling
KALGOORLIE WEST PROJECT
Carrick completed its first drill programme at the Kalgoorlie West
Project, which it acquired in April 2009. The project covers under-
explored areas within an established gold producing district. While there
has been limited systematic exploration, numerous advanced target
areas have been outlined, including drill-ready targets generated from
historical exploration data.
Two high priority targets have been identified: the Zuleika Shear
Project and the Ora Banda South Project, which will be the target of the
initial exploration effort.
Results from a first pass aircore drilling programme at Kalgoorlie
West’s Zuleika Shear and Ora Banda South projects were reported during
The aircore drilling programme comprised 120 holes for
Hole ID Pre-collar Drill Hole Interval Intersection
Depth From (m) To (m)
Au (g/t) Ag (g/t)
inc. 14m @ 3.06g/t Au, 1 .2g/t Ag (15-19 metres)
inc. 11m @ 3.60g/t Au, 1 .2g/t Ag (35-46 metres)
incl. 2m @ 4.40g/t Au, 5 .8g/t Ag (81-83 metres)
incl. 1m @ 27g/t Au, 79.0g/t Ag (89-90 metres)
1m @ 16.65 g/t
3m @ 10.55 g/t
1m @ 7.61 g/t
1m @ 1.75 g/t
3m @ 2.95 g/t
2m @ 1.97 g/t
CONTINUED ON PAGE 44
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