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9/11/2018 — Gold
Drilling focus on Jubilee

Brisbane-based Laneway Resources Ltd said its drilling planned in the Hauraki goldfield in 2019 will focus on the historically mined area at Jubilee.

The company’s brief comment in the September quarter report said the plan was to drill about 3,000 metres, targeting both the Jubilee Vein system and also a newly identified zone which was re-assayed to give an intercept of 0.3 metres grading 521 grams/tonne gold.

This sample was interpreted to have been 50m horizontally behind the main stoped Jubilee Vein.

The quarter report also repeated the announced agreement by the company on its agreement with Maroon Gold to mine and process up to 100,000 tonnes of high-grade, shallow ore at the Agate Creek gold project in Queensland.

PDF File Quarterly report. (1.4 megabytes)
PDF File Cashflow report. (66.2 kilobytes)
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