Classic Minerals ( ASX:CLZ )
Classic Minerals’ (ASX:CLZ) has released excellent high-grade gold results from its Forrestania Gold Project, in Western Australia’s Southern Cross Belt.
Results to date reveal mineralisation that suggests CLZ has an extensive gold system that spans at least two kilometres.
Importantly for CLZ, the Forrestania Project is situated in the heart of the abundantly mineralised Southern Cross Belt, which hosts a gold endowment of more than 10 million ounces.
CLZ is currently working through its Phase 2 drilling programme, which is designed to target mineralisation outside of the current Resource model, as well as high-grade extensions below and adjacent to the current pit design. Results thus far are highly encouraging.
CLZ is now two-thirds of the way through assay processing, with further assays from the project’s major deposits — Lady Ada and Lady Magdalene — to be released in the coming weeks.
If results so far are any indication of what’s to come, CLZ shareholders could see rewards in the not-so-distant future.
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The company is awaiting approval for further drilling programmes to rapidly move into the next phase of exploration and development at the highly promising project.
CLZ stacks up very well against its peers in the region and with plenty of news flow to come in the coming weeks, the company will be looking for positive news to lift its $2.7 million market cap.
High-Grade Gold Results Pouring in from CLZ’s Forrestania Project: More to Come
Feb 8, 2018
High-grade gold results are flowing in from ASX junior Classic Minerals’ (ASX:CLZ) Forrestania Gold Project, in Western Australia’s Southern Cross Belt.