Creswick10 Mar 2023 09:11
So coming back to the present we know at Creswick we have the following activity (we are now a week on from the timescales below):
An initial diamond drilling programme of at least 10 short holes has been scheduled into the DMS at Slades Reef
To date over 600 soil samples have been collected at the Mills Reef system with 297 samples delivered to the lab this week, the plan is to continue submitting around 300 samples each week. A lab turnaround of approximately 3 weeks is expected to result in a steady flow of results over the coming 2 months.
Sampling is also continuing at Bush Inn Road, a grid located on a postulated strike of the Mills Reef system, 1km to the south. Historic alluvial workings suggest that sources exist in the heads of these gullies. At least 400 samples will be collected here, and to date half of these samples have been collected ready for bagging and delivery to the lab. We expect to complete sampling work at Bush Inn Road by the end of next week.
A further 80 rock chip samples have been taken from regional prospects within tenement EL006713, and results are expected in 2 weeks.
NEXT STEPS
Given the evidence amassed to date, the Board is of the opinion that in spite of the co**** nature of many of the samples, a gold lode could exist across the regional alluvial workings close to Brewery Lane, further afield along strike of the DMS into the new tenement area and east / north east across Spring Hill Reef and Mills Reef. With a raft of soil sample and rock chip sample results scheduled in the coming weeks, the drill team will ensure the holes are completed as quickly as possible in order that we can confirm our belief that the Creswick lode exists, and with the MIDAS rig still on site, continue with follow-up drilling as dictated by progress and results.
ECR CEO Andrew Haythorpe commented: “We enter an exciting and potentially game changing phase for our Creswick tenements this week. The exhaustive raft of data compiled, drill core retesting and the multitude of soil and rock sampling results already collected has the entire Board and geo team genuinely excited at the possibility of being able to confirm an extensive gold lode at Creswick.”