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Arrow Minerals drills best gold intersection to date at T6 prospect

Drilling of the last prospect T1 is underway with assays from T2 expected next.
aircore drilling
The company has over $5 million in cash, receivables and listed investments

Arrow Minerals Ltd (ASX:AMD) has intersected bedrock gold mineralisation in maiden aircore drilling at its T6 prospect within the Strickland Gold Project in Western Australia.

A total of 394 holes for 7,937 metres were drilled on a 400x80 metre grid.

Four bedrock gold prospects have been identified from 1.5 to 3.5 kilometres in strike length, with several prospects remaining open along mineralised structures.

T6 has produced the best drill intercept to date from Strickland of 56 metres at 0.8 g/t from surface to the end-of-hole.

Part of a 26,000-metre aircore program

In March 2018, Arrow commenced the 26,000-metre aircore drill program targeting the T8, T6, T2 and T1 prospects.

Drilling started at the T8 prospect where late-2017 drilling confirmed thick, continuous gold mineralisation with multiple high-grade intersections.

Drilling at T8, T6 and T2 is now complete with assays pending for T2 – drilling is underway at T1.

Four anomalies at T6

Arrow has completed a major aircore drilling program at the T6 prospect, designed to test the extent of a 4.2x1.3 kilometre gold-in-soil anomaly.

The aircore drilling program has delineated four gold-in-bed rock anomalies:

• T6a – 1.5x0.3 kilometres;
• T6b – 1.7x0.3 kilometres;
• T6c – 3.5x0.3 kilometres; and
• T6d – 3x0.1-0.5 kilometres.

Best gold intersections included:

• 56 metres at 0.8 g/t from surface to end-of-hole including 24 metres at 1.6 g/t and 9 metres at 3.3 g/t;
• 34 metres at 0.3 g/t from surface including 6 metres at 0.6 g/t and 3 metres at 0.9 g/t; and
• 27 metres at 0.1 g/t from 11 metres including 3 metres at 0.7 g/t.

READ: Arrow Minerals divests final interest in Pardoo Project for cash

Arrow’s managing director Steven Michael said: “In May 2018, Arrow announced its first strike-extensive, drill tested, bedrock gold anomaly at the T8 prospect, with a footprint of 1.8x0.4 kilometres.

“Drilling at the T6 prospect has now confirmed four bedrock gold anomalies of equal or greater size than T8.

“In addition, the mineralised horizon identified at T6a and T6b provides a target unit to be drilled in 3Q 2018.”

Exploration elsewhere continues, over $5 million funding

Michael added: “In addition, Arrow has recently undertaken first-pass soil sampling over new tenements to the south of T14 and around T4, which we expect will add new gold targets to the portfolio.

“With over $5 million in cash, receivables and listed investments, Arrow is in a strong financial position.

“The company has sufficient funds to continue to drill and aggressively explore the 100%-owned Strickland Gold Project.”

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