The Water Tank Gold project is located about 5 kilometres to the east of Norseman in the Eastern Goldfields. Although the project is one of Royal’s more prospective gold projects is occurs in isolation and away from our other major project areas.
An aircore drilling campaign was conducted in the second quarter of 2010 on the property to drill test three prospects as a followup on past drill results. The programme targeted untested structural corridors identified from the interpretation of re-processed aeromagnetic data and previous drilling results. These include narrow but high grade intercepts of 1m @ 12.2g/t gold from 24m (WTAC085) and 1m at 9.2g/t from 70m (WTR006) at the Empire Rose Prospect and lower grade but thicker intercepts of 8m at 1.77g/t gold from 24 metres (WTRC025) at the Jezebel Prospect. A total of 46 holes for 1,413m was drilled. Assays are awaited.