Barra Resources has revealed successful results from its first pass drilling of the Truth Prospect at Phillips Find, Western Australia.
- Broad gold anomalism (>0.1g/t gold) up to 33m thick encountered including significant gold intersections (+1.0g/t gold) of 4m @ 4.40 g/t Au and 4m @ 2.95 g/t Au.
- Anomalous and highly encouraging gold trends defined and associated with strike extension of the Phillips Find Mine Sequence, that hosts multiple deposits at the Phillips Find Mining Centre.
- Program identifies and narrows focus to several new high priority targets that require further infill drilling and testing below the weathering profile.
Barra’s Managing Director & CEO Sean Gregory commented: “Barra is pleased to finally lift the veil on the undercover potential of the Truth prospect at Phillips Find. As with much of the WA goldfields, the best prospects for future gold discoveries are under cover and the best way to test them is with the drill bit. The broad gold anomalism intercepted has exceeded our expectations and we look forward to following up with ongoing gold exploration programs in 2019.”
Barra’s 100% owned Phillips Find Gold Project is located 50km north of Coolgardie Western Australia.The project covers over 10 kilometres in strike of prospective greenstone stratigraphy and includes the Phillips Find Mining Centre (PFMC) where approximately 33,000oz of gold was produced between 1998 and 2015 from three open‐pit operations; Bacchus Gift, Newhaven and Newminster. Exploration potential within the project is excellent with numerous targets defined by auger geochemical anomalism, mapping and drilling.
The most recent mining activity at the PFMC was the Newminster open-pit which was mined in two stages between January 2013 and September 2015 producing approximately ~9,000oz of gold. With open-pit mining now complete at Newminster, the Company is now focussed on establishing a resource inventory to underpin the development of a viable medium to long-term mining operation.