Communicators

OUTSTANDING initial HIGH-GRADE hits from new phase of drilling at aphrodite

Results from first three holes targeting the Alpha Lode return grades of up to 31g/t Au

Key Points:

-          Outstanding start to new 6,000m resource in-fill and extensional diamond drill program at the 100%-owned Aphrodite Gold Project, near Kalgoorlie in WA.

-          Assay results received for the initial three holes completed as part of the second drilling campaign, with a total of 14 holes already completed to date for 5,563.6m.

-          Results confirm strong gold mineralisation in the lower zones along the Alpha lode to the north and south of the existing Resource area, including a spectacular intercept of 6m at over half an ounce in hole 18APD018 at depths of over 500m to the north of the Alpha lode. Significant assays include:

-     18APD014 16m @ 1.80g/t Au from 164m, including:
 4.0m @ 4.29g/t Au from 175m; and

 1.0m @ 3.62g/t Au from 225m; and

 2.0m @ 10.17g/t Au from 289m; and

 1.0m @ 6.76g/t Au from 382m (Alpha lode); and

 0.5m @ 16.47g/t Au from 406.8m; and

 25.61m @ 4.11g/t Au from 485.68m

-     18APD018 1m @ 1.34g/t Au from 117m; and

 1m @ 1.13g/t Au from 133m; and

 3m @ 2.10g/t Au from 507m; and

   6m @ 15.98g/t Au from 546m (Alpha Lode) including:

  4m @ 22.51g/t from 546m and 2m @ 31.10g/t Au from 547m

-     18APD019 1m @ 7.66g/t Au from 154m; and

 2m @ 3.47g/t Au from 370m; and

 4m @ 1.26g/t Au from 393m (Alpha Lode); and

 10m @ 2.78g/t Au from 400m, including:

 3m @ 4.02g/t Au from 402m

Spitfire Materials Limited (ASX: SPI) is pleased to advise that it has made a strong start the second diamond drilling program at its flagship 100%-owned 1.26Moz Aphrodite Gold Project, 65km north of Kalgoorlie in the Eastern Goldfields of WA with the first three holes returning a series of outstanding high-grade results.

The drilling continues to confirm both continuity and grade within the lower zones of the Alpha lode, while also confirming the Company’s upgraded geological model for the Aphrodite deposit, providing increased confidence in the ability to target higher-grade lodes.

For further information contact:

INVESTORS:              

John Young Spitfire Materials Limited 

Telephone: 0419 954 020 

Email: admin@spitfirematerials.com.au  

MEDIA: 

Nicholas Read Read Corporate

Telephone: 0419 929 046

Email: info@readcorporate.com.au

Please find the Original press release in English under the following link: https://www.asx.com.au/asxpdf/20180730/pdf/43ww0pdsxvqc36.pdf