Holleton Gold

  • Project contains multiple >100ppb soil anomalies providing a pipeline of priority targets.
  • Priority targets include the underexplored “Brahma” gold prospect with a 2.5km long >50 ppb Au in soil anomaly.
  • Brahma was tested with shallow aircore drilling which confirmed a strong coincident basement gold anomaly.
  • Only three deeper holes > 50m over a small part of the anomaly have been drilled. All three holes intersected broad mineralised intervals with grades up to 7.6 g/t Au.
  • Best results include1: GRDD001: 73m @ 0.3 g/t Au incl: 4m @ 1.6 g/t Au and; 1m @ 7.6 g/t Au GRDD002: 32m @ 0.3 g/t Au GRDD004: 21m @ 0.4 g/t Au incl. 3m @ 2.1 g/t Au

Element 25 is pleased to announce that it has added the 100% owned Holleton Gold Project to its gold portfolio. The Holleton exploration licence application E77/2334 covers approximately 115 km2 of the Holleton Greenstone Belt, location approximately 400km east of Perth.

Previous exploration by Independence Group NL included a broad regional surface geochemical programme that defined numerous gold anomalies across an area of poorly exposed greenstones comprised mostly of meta-basalts with minor schist, pegmatite and granite. Follow-up drilling across these anomalies was typically first-pass in nature with many intersections left open.

The best of the historic results is at the Brahma Prospect (“Brahma”) where a >2.5km long, >50ppb Au in soil anomaly (see Figure 1) was defined and subsequently followed up with shallow aircore drilling which confirmed a strong basement anomaly. Three diamond drillholes in a confined area of the anomaly represent the only holes drilled to deeper than 50m. The best intersections at Brahma include 73m @ 0.3 g/t Au (including 4m @ 1.6 g/t Au and 1m @ 7.6 g/t Au) however all three diamond holes returned broad mineralised intervals (Figure 2).

Numerous other intersections greater than 100ppb Au remain open along the length of the soil anomaly and Element 25 plans to re-commence exploration at Holleton upon the granting of E77/2334.

Holleton Gold
Figure 1: Soil anomalies generated by Independence Group NL exploration between 2008 and 20101.

 

Holleton Gold
Figure 2: Detailed view of the Independence Group NL generated Brahma soil geochemical anomaly and selected drill results from systematic geochemcial aircore drilling and reconnaisance RC and DD drilling1.

 

Holleton Gold
Figure 3: Cross section through the Brahma soil/aircore anomaly showing broad widths of gold mineralisation with associated calc-silicate alteration which may be indicative of a potentially large gold

 

Hole ID Easting
(MGA 94 Z51)
Northing
(MGA 94 Z51)
Nominal RL
(m)
Dip
(0)
Azimuth
(mag 0)
Total Depth
(m)
Depth From
(m)
Depth To
(m)
Intercept Width
(m)
Au
(g/t)
Brahma Prospect                    
GRDD001 684949 6452866 370 -60 185 105.6 14 87 73 0.3
Incl.             17 18 1 1.8
And             48 52 4 1.6
And             77 78 1 7.6
GRDD002 685155 6452997 372 -60 176 156 30 62 32 0.3
GRDD004 685152 6452820 370 -70 357 138 85 106 21 0.4
Incl.             90 93 3 2.1
GRAC091 684950 6452846 371 -60 180 30 14 26 12 0.4
Incl.             14 16 2 1.4
GRAC092 684950 6452846 371 -60 180 30 15 24 9 0.1
And             31 32 1 1.5
GRAC093 684950 6452861 371 -60 180 28 12 27 15 0.7
Incl.             18 19 1 2.3
And             25 26 1 4.3
GRAC098 684949 6452913 372 -60 180 10 0 10 10 0.2
GRAC102 684949 6452957 373 -60 180 10 0 8 8 0.2
GRAC104 684950 6452979 373 -60 180 10 0 10 10 0.1
GRAC332 685549 6453037 387 -60 000 28 24 28 4 0.8
GRAC064 686157 6453384 383 -60 180 44 13 20 7 0.7
Incl.             13 16 3 1.5
GRAC062 686156 6453346 384 -60 180 40 18 40 22 0.1
Incl.             26 27 1 1.1
Barnevelder Prospect                    
GRAC176 690949 6451721 430 -60 180 43 38 43 5 1.4
GRAC175 690948 6451680 430 -60 180 38 19 35 16 0.2
GRAC349 691050 6451844 426 -60 180 44 40 44 4 0.4
GRAC184 689356 6451189 436 -60 180 68 62 67 5 0.5
Incl.             62 63 1 1.8
Cochin Prospect                    
GRAC187 690048 6452771 410 -60 180 61 53 56 3 0.1
GRAC200 689547 6452688 407 -60 000 44 30 39 9 0.1
GRAC215 692147 6452580 433 -60 000 52 12 48 36 0.1
Jersey Giant Prospect                    
GRAC111 6448014 6448014 409 -60 180 32 29 32 3 0.3

Table 1: Significant intersections greater than 0.1 g/t with up to 2m internal waste. All intersections are downhole widths.

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