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Gold Grades Exceed Expectations at Darlot West

In brief · summary, not quotable

First gold sampling at Darlot West Project returns grades up to 28.62g/t gold, exceeding expectations.

vs expectations: ahead

  • Highest gold grade 28.62g/t Au (prior 34.15g/t Au on repeat assay)
  • Second highest gold grade 4.50g/t Au
  • Third highest gold grade 2.62g/t Au
  • Distance from Darlot Gold Mine 10km southwest
  • Historical production at Darlot Gold Mine 2.8 million ounces of gold
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Cloudbreak Discovery Plc (LSE: CDL), is pleased to announce the very encouraging results returned from its first gold sampling programme at the Darlot West Gold Project ("Darlot West" or the "Project").

The rock chip sampling at surface carried out in the maiden exploration programme on site has returned multiple significant results with grading up to 28.62g/t gold across four discrete prospect areas within the Project.

o 28.62g/t Au (34.15g/t Au on repeat assay) see FIGURE 1

o 4.50g/t Au see FIGURE 4

o 2.62g/t Au

o 1.30g/t AU

Darlot West is located only 10km southwest of the iconic Darlot Gold Mine in Western Australia with production of 2.8 million ounces of gold produced to date (see FIGURE 3). These surface results are particularly encouraging and warrant a follow up exploration programme which is being devised to further understand the extent of mineralisation potential.

Further updates will be provided once this further programme has been confirmed.

Tom Evans, Cloudbreak's MD, commented; "These gold results from our initial field trip and the investigation, carried out as part of the Company's due diligence on the tenement, are exceptionally good. Getting results approaching an ounce of gold per tonne are not common and are much better than we had expected."

"An exploration programme is being planned to further understand the extent of gold mineralisation and the areas gold ounce potential. We look forward to providing further updates with respect to additional exploration to be completed."

"On the basis of this initial programme, we will be proceeding to exercise our option to acquire 100% of this exciting play in one of the world's Tier-1 exploration and mining jurisdictions. The Darlot area is highly prospective for gold, and we are keen to move forward with the transaction and expand our footprint in the immediate area and are well advanced on sourcing additional gold tenements to add to our portfolio here."

Figure 1: 28.62g/t Au Rock Chip (Sample DW2518)

Figure 2: Rock Chip Sampling Results

Figure 4: 4.5g/t Au Rock Chip Sample (DW2510)

Figure 5:15m Deep Shaft at Darlot West Project

Appendix 1: Sampling Coordinates and Results

SampleEastingNorthingAu ppmAu rp1 ppm
DW2501319,4996,904,5111.2891.473
DW2502319,5006,904,5101.2961.317
DW2503319,5406,904,5400.026
DW2504319,5836,904,6000.073
DW2505319,5666,904,5770.46
DW2506319,5986,904,5930.005
DW2507319,1806,904,389X
DW2508319,2146,904,373X
DW2509319,9136,904,1620.056
DW2510319,9236,904,1704.497
DW2511319,8676,904,1420.023
DW2512319,7206,903,965X
DW2513319,6976,904,017X
DW2514319,4086,904,4540.024
DW2515319,3006,904,7460.008
DW2516319,2966,904,702X
DW2517319,3356,904,824X
DW2518319,4236,904,90628.61834.147
DW2519319,3056,904,8490.007
DW2520319,2576,904,703X
DW2521318,1846,903,9300.088
DW2522318,7326,906,9071.059
DW2523318,7396,906,9072.616
DW2524318,7366,906,9030.073
DW2525318,7526,906,8920.036
DW2526318,7616,906,8870.629
DW2527318,6826,906,9500.255
DW2528318,6756,906,9510.009
DW2529318,6406,906,962X
DW2530319,3546,906,002X
DW2531319,1066,905,987X
DW2532319,2546,905,805X
DW2533319,3576,905,780X
DW2534319,0126,905,926X
DW2535320,0286,904,363X
DW2536320,0366,904,357X
DW2537320,1266,904,295X
DW2538320,0956,904,295X
DW2539320,0116,904,326X
DW2540319,9796,904,322X

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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