logo-loader
viewOakdale Resources Ltd

Oakdale Resources expecting steady flow of assay results

Assays have been received for 152 metres of an ongoing 1,800-metre drill program in Nevada.

Oakdale Resources Ltd - Oakdale Resources expecting steady flow of assay results
The assay turn-around time from the lab is expected to speed up going forward

Oakdale Resources Ltd (ASX:OAR) has received assays for 8% of its ongoing 1,800-metre drilling program targeting its three projects in Nevada, US.

The first diamond hole TND-01 was completed at a depth of 152 metres at the Tonopah North Project and assays showed no significant gold or silver.

TND-01 was drilled at the southern end of the targeted structural corridor which is over 1.2 kilometres in total strike length and host to multiple structures with many old gold prospect pits along them.

The second hole TND-02 has been paused at 183 metres depth for the Christmas and New Year break with drilling set to resume on January 5 - the target depth of TND-02 is 300 metres.

Still early days for the drill program

Oakdale’s Nevada technical manager Geoff Balfe said: “We have definitely hit several of the key structures in our drilling that were identified at surface in the old workings.

“We would like to see more quartz veining and silicification in these next drill holes as this is the preferred host rock for gold mineralisation.

“It is still early in the Nevada program and TND-02 is yet to hit the main structural target zone.”

Assay turn-around expected to speed up

Geoff Balfe also commented that the 45-day assay turn-around had been slow because the laboratory had been bottle-necked at this time of year by many companies completing drilling programs prior to Christmas and flooding the laboratory with samples.

The turn-around for the second batch of samples was 31 days, including shipping the core, cutting it, photographing, and sampling the core prior to crushing and assaying.

It is expected that assay turn-around will continue to improve in the new year period.

Quick facts: Oakdale Resources Ltd

Price: 0.003 AUD

ASX:OAR
Market: ASX
Market Cap: $1.66 m
Follow

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Oakdale Resources Ltd named herein, including the promotion by the Company of Oakdale Resources Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Chaarat Gold's Dusty Nicol talks increase to reserves at Tulkubash

Chaarat Gold Holdings Ltd's (LON:CGH) Dusty Nicol caught up with Proactive London's Andrew Scott to talk through the increase in reserves that's been announced for its Tulkubash project in Kyrgyz Republic. It follows last year's 20,000 metre drilling programme. Proven & probable...

4 hours, 6 minutes ago

2 min read