Macphersons Resources have reported more bonanza drill results from a major RC drilling program that commenced last month at their 100%-owned Boorara Gold project, just 10kms east of Kalgoorlie’s Super Pit.

The aspiring gold producer told the ASX that a drill hole in the Southern Stockwork deposit had intercepted a whopping 136 metres at 1.78 g/t Gold from a depth of just 26 metres below surface.

In addition, another drill hole returned a 67 metre intersection grading almost 2 g/t gold from just 31 metres down hole and 59 metres at 1.74 g/t gold from the 109 metre mark.

“These intercepts from surface were previously seen during the diamond drilling phase with spectacular intercepts of 163 metres grading 4.29 g/t gold and 158 metres grading 1.6 g/t gold,” Macphersons Non-Executive Chairman Ashok Parekh said.

“Note in hole BORC 198, the two significant intercepts are split by 11 metres of no mineralisation, but in essence combining as one large intercept would contain 137 metres at some 1.74 g/t Gold. This latest set of results may be indicative of a much larger gold system at depth.”

Macphersons have already scored a string of impressive hits from the infill RC drill program, which has so far completed 12,500 metres of a total of 37,000 metres. Drilling is due to be completed by the end of next month, which will pave the way for a highly anticipated upgraded gold resource estimate in the March 2018 quarter.

The RC program is designed to test a new geological model for Boorara, which has revealed a number of strong similarities with the famed Mt Charlotte deposit in Kalgoorlie’s Golden Mile.

Macphersons are also in the middle of a deep, diamond drill hole into a potentially mineralised dolerite zone below the Southern Stockwork deposit.

The company reported the diamond hole was expected to hit the dolerite at a vertical depth of about 750 metres or 850 metres down hole. The drill is currently at 313 metres down hole.

Image: Macpherson Resources Non-Executive Chairman Ashok Parekh. The West Australian.