Bridge Creek Drilling Yields 1m at 104 g/t Gold, Expands Resource Potential
Far Northern Resources has reported impressive high-grade gold assay results from its Phase One drilling at the Bridge Creek mining lease, setting the stage for resource expansion along the Cosmo Howley anticline.
- Exceptional gold intercepts including 1m at 104 g/t Au
- Phase One drilling confirms mineralisation over 1.5km strike
- Bridge Creek inferred resource stands at 1.97Mt at 1.12 g/t Au
- Phase Two drilling planned to target resource growth
- Drilling results supported by rigorous JORC 2012 standards
Strong Start to Bridge Creek Drilling
Far Northern Resources Limited (ASX, FNR) has delivered encouraging news from its Bridge Creek gold project in the Northern Territory, revealing high-grade gold intercepts from the recently completed Phase One drilling program. The standout result includes a remarkable 1 metre intercept grading 104 grams per tonne (g/t) gold, underscoring the prospectivity of the mining lease.
The drilling campaign, conducted using reverse circulation (RC) techniques, has confirmed gold mineralisation extending along approximately 1.5 kilometres of strike on the Cosmo Howley anticline. This structural feature remains open both at depth and along strike, suggesting significant potential for resource expansion.
Detailed Assay Highlights and Geological Context
Among the numerous significant intercepts reported, other notable results include 2 metres at 21.44 g/t gold and multiple intervals exceeding 3 g/t over several metres. These findings align with historical drilling data, reinforcing the continuity of mineralisation within the deposit.
Geologically, Bridge Creek is situated within the Pine Creek Geosyncline, a well-known Proterozoic sequence hosting several gold deposits. The mineralisation occurs primarily in quartz-sulphide stockwork zones and shear veins associated with the Cosmo Howley anticline, a structure that appears to control the distribution of gold-bearing zones.
Resource Base and Next Steps
Currently, the Bridge Creek deposit holds an inferred mineral resource of 1.97 million tonnes at 1.12 g/t gold, equating to approximately 70,560 ounces. Far Northern Resources’ management is optimistic that the new drilling results will enable an increase in this resource base.
Preparations are underway for Phase Two drilling, which will focus on targeted infill and step-out holes to delineate extensions along the anticline and at depth. This next phase aims to refine geological understanding and potentially upgrade resource classifications.
Rigorous Standards and Forward Outlook
The company has adhered strictly to the JORC 2012 reporting code, ensuring transparency and reliability of assay data. Independent verification and quality control measures, including duplicate sampling and certified laboratory assays, underpin the confidence in these results.
While the results are promising, Far Northern Resources cautions that forward-looking statements are subject to typical exploration risks, including geological variability and market conditions. Nonetheless, the Bridge Creek project is shaping up as a compelling asset in the company’s portfolio.
Bottom Line?
With Phase One confirming high-grade gold continuity, all eyes now turn to Phase Two drilling to unlock Bridge Creek’s full potential.
Questions in the middle?
- How will Phase Two drilling refine the resource estimate and impact project economics?
- What metallurgical characteristics and recovery rates can be expected from Bridge Creek ore?
- How might gold price fluctuations influence the development timeline and financing options?