Multiple Gold Targets Identified at Barlee Project
Perth, Mar 29, 2017 AEST (ABN Newswire) - Segue Resources Ltd (
ASX:SEG) (SGRSF:OTCMKTS) (Segue or the Company) is pleased to announce that it has identified multiple gold targets from its recently completed reconnaissance BLEG programme at the Barlee Gold Project, 180km north of Southern Cross in the Eastern Goldfields of Western Australia (Figures 1 & 2, see link below).
Segue has incorporated the results from its reconnaissance BLEG programme with a litho-structural interpretation through its geophysical consultants, Southern Geoscience Consultants. The results of the geochemical programme and the litho-structural interpretation combined with historical exploration on the Project has resulted in a total of 14 gold targets being identified (Figure 3, see link below).
Target ranking took into consideration the BLEG results, spatial association with pathfinder multi-element anomalism (As-Bi-Sb-W-Mo-Cu-Pb-Zn), litho-structural targets from interpretation of airborne magnetics and historical exploration. A detailed description of five priority targets is provided below.
The recently completed work programme and targeting exercise has led Segue to apply for two additional tenements (~240km2), expanding Segue's footprint to the north-west and south-east (Figure 3).
Target 1 occurs in the Evanston Greenstone Belt which has been deformed by the crustal scale Evanston Shear Zone and sits immediately along strike from the historic Evanston Gold Mine. Previous exploration has returned a number of mineralised drill intercepts and current work has returned multiple anomalous gold and pathfinder element samples between the Evanston Mine and Rainy Rocks where Segue has previously announced high grade gold rock chips values from old prospector shafts.
Target 2 is on the southern tip of the Mt Elvire Greenstone Belt which has been intersected by the Evanston Shear Zone. Historically, this area included a litho-structural target with coincidence BLEG in soils anomaly from exploration in the 1990s. Work completed by Segue has confirmed the prospectivity and enlarged the area through multiple gold and pathfinder anomalies in the BLEG sampling.
Target 6 sits near the centre of Yerilgee Greenstone Belt adjacent to a late stage granitic intrusion and significant jog in an interpreted NE-SE trending thrust associated with intense deformation in the immediate surroundings. The area also returned a number of anomalous gold with a large multi-element halo indicating a potentially large alteration zone.
Target 11 lies near the centre of the Yerilgee Greenstone Belt and contains a number of jogs in a major bounding fault within a BIF package which shows signs of magnetite alteration. Sampling returned over 10 strike kilometres of gold and pathfinder multi-element anomalism.
Target 12 sits within the Yerilgee Greenstone Belt at the SW end of a major NE trending fault structure and is interpreted to be an antiformal feature proximal to a granitic intrusion. The area also returned multiple anomalous gold and strong multi-element pathfinder geochemistry.
Segue will commence a 400m x 100m soil sampling programme over the priority target areas within 2 weeks. The programme should take 8 weeks to complete. Following the soil sampling programme, Segue will immediately move into a 200m x 50m infill soils programme over the areas of greatest prospectivity. Segue will also complete an airborne magnetic survey in April over areas which require higher resolution data to allow for more detailed litho-structural interpretation.
Segue aims to have these work programmes completed by June 2017 and, upon the tenements being granted, will be able to start drilling as soon as approvals are obtained.
To view tables and figures, please visit:
http://abnnewswire.net/lnk/04RSN1D9
Contact
Segue Resources Limited
T: +61-8-9383-3330
E: info@segueresources.com
WWW: www.segueresources.com
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