TNM Drill Down: Top gold assays for the week of Oct. 7-14

Welcome to our weekly feature, TNM Drill Down, focusing on the top gold assays of the past week. Assays are ranked by gold grade x width, as identified by our sister company Mining Intelligence.

TNM Drill Down, Oct. 7-14, 2022.

This week’s top gold assay comes from Geopacific Resources’ (ASX: GPR) Woodlark project in Papua New Guinea, where hole BUSDDH007 intersected 6 metres grading 300 grams gold per tonne for a width x grade value of 1,800. Geopacific reported on Oct. 7 that deeper resource extension drilling at the Busai deposit encountered the intercept, along with several high-grade hits from holes below the existing pit shell. It underscores the resource growth potential at depth under Busai. A broader mining lease-wide exploration program has also been completed. The initial drilling phase results highlight the prospectivity of Watou and Talpos and demonstrate the wider regional exploration opportunities on Woodlark Island. Drilling activity on the island will now focus solely on lateral and down dip extension drilling at Kulumadau. The ongoing resource extension drilling program and the previously completed grade control drilling campaign focus on growing the existing resource. Geopacific plans to release an updated resource estimate before year-end, which will underpin studies aimed at re-assessing the project design and seek to capitalize on targeted economies of scale.

The second-best drill assay of the week comes from Snowline Gold (CSE: SGD) and its Rogue project in the Yukon. The company said on Oct. 12 that hole V-22-010 encountered 318.8 metres of 2.55 grams gold per tonne from 3 metres depth, for a width x grade value of 813. The company reports the hole intersected a broad zone of sheeted quartz vein mineralization within the Valley intrusion. The hole was drilled more than 165 metres from any previously announced hole, and it expands to the southeast the known width of the zone of high vein densities within the Valley intrusion. The intrusion has several generations of gold-bearing quartz veins in the drill core. The hole is notable for its high vein densities and the relative abundance of trace, fine-grained (sub-millimetre scale) grains of visible gold.

The third-best assay of the week comes from Dacian Gold (ASX: DCN) and its Mount Morgans project in Western Australia. The company reported on Oct. 10 that hole 22DJRC0029 returned 298 metres grading 1.5 grams gold per tonne from 1 metre below the surface, for a width x grade value of 447. These resource definitions and exploration results continue to build confidence in the continuity and extent of mineralization beyond the previously designed mineable Doublejay and Saddle open pits and in the defined Jupiter Exploration Target. The company also says the results underpin the strategy to investigate a larger, bulk-tonnage open pit mining opportunity under a leaner operating model.