NxGold Ltd. (TSXV:NXN) is pleased to provide an update on its 2018 exploration program at the Mt. Roe Project and the Prinsep Project located in the Pilbara region of Western Australia. The Company has recently completed an initial program of trenching and targeted follow-up work at Mt. Roe, and undertaken early reconnaissance at Prinsep. The data collected is currently being compiled to direct the next phases of work.
Mt. Roe Project
Fifteen trenches totalling 417 metres (“m”) in length were used to initially evaluate approximately 1.8 kilometres (“km”) of the 7 km of prospective strike extent for the target sediment, (‘conglomerate’), horizon.
- Eight trenches, totalling 238 m, were focused on exposing and tracing the known sedimentary exposures in the ‘Conglomerate Area’.
- A single trench, totalling 28 m exposed geological units in the ‘Dryblower Area’.
- Three trenches, totalling 120 m, were used to trace the target horizon to the southeast.
- Two trenches, totalling 31 m, were used to evaluate an area of known ‘specimen’ gold nuggets.
Locations of these initial trenches are presented in Figure 1 and gold nuggets recovered during this program from the Mt. Roe Project area in Figure 2.
Prinsep Project
A first pass orientation of the Prinsep Project was undertaken to assess the prospects of NxGold’s land package that sits 12 km northwest of the company’s Mt. Roe claims. A site where forty-five gold nuggets were detected was confirmed highlighting the prospectivity of the Princep Project. Further work to better understand the geology and gold morphology at Prinsep will follow. (See figure 4 & 5 to view the gold recovered from Prinsep and the project location).
Christopher McFadden, Chief Executive Officer commented, “We have continued to discover gold nuggets across the Mt. Roe property and the results from the initial exploration trenching work is very encouraging. The geological features are continuing to provide insight on this exciting project. …read more
From:: Investing News Network