Classic Minerals’ Phase 2 drilling at the Lady Ada deposit has returned high-grade results from outside the current Scoping Study pit design – highlighting significant potential to expand current Mineral Resource estimate at the Forrestania Gold Project.
Best results for Lady Ada (to date) include:
o 10m @ 3.10 g/t Au from 58m – including 5m @ 3.96 g/t Au from 58m and 2m @ 7.04 g/t Au from 58m
o 5m @ 1.30 g/t Au from 37m
o 6m @ 2.22 g/t Au from 40m – including 1m @ 8.20 g/t Au from 40m
o 3m @ 10.37 g/t Au from 117m – including 1m @ 30.50 g/t Au from 117m
o 6m @ 8.67 g/t Au from 67m – including 1m @ 38.10 g/t Au from 68 m
Good news from CLZ this morning. Don’t know much about this mining minnow. A new CEO was appointed last month, they are implementing a cost reduction strategy and are focused on the development of their Forrestania Gold Project. Tiny market cap of $2 million.
The news this morning has lifted the share price 28.57% to 0.4c.
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