StrataGold (SGV-T) and 50% joint-venture partner, Newmont Overseas Exploration, received some encouraging results from 2,000 metres of drilling plus trench work done on the BRL project in northwestern Guyana.
Trenching and drilling were done on what is known as the Purple Heart target along the Arakaka Trend, where there are old open pits that have been mined since the early 1900s.
One 210-metre trench had a 34-metre-long section with an average grade of nearly 3 grams gold per tonne including 17 metres grading 4.8 grams gold.
In zone 2 of that same trench there was a 27-metre section grading 3.1 grams gold per tonne, including 12 metres grading 4.8 grams gold per tonne.
The Purple Heart target is characterized by deformation with disseminated gold mineralization in alteration zones with associated multidirectional quartz veining sulphides. According to the company, these zones are located with an altered igneous unit with abundant quartz veins.
Diamond drilling was also done at the Purple Heart target.
Highlights include a 13.5 metre intersection grading 7.4 grams gold per tonne, including 4 metres grading 11.4 grams gold.
Another 3.4 metre intercept assayed 17.4 grams gold per tonne.
While trenching done at the Aviao target, which is close to the Monosee base camp, also showed noteworthy gold mineralization, diamond drilling did not confirm the trench samples.
A 140-metre trench had a 16-metre area grading 2.2 grams gold per tonne including 3 metres grading 8.4 grams gold while different 147-metre trench returned a 66-metre section grading 0.61 gram gold per tonne.
The company also did some trenching in the Gomes area which is about 2 km west of Aviao, but only said the results were encouraging enough to require further exploration. The trenches were placed to follow gold anomalies identified in soils and have given further insight into the underlying geology and controls within the target area.
Newmont Overseas is a subsidiary of Newmont Mining (NEM-N). StrataGold and Newmont Overseas formed their joint venture in 2005.
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