European Goldfields (EGU-V) has begun a six-hole, 1,80-metre drilling campaign on the Sacaramb target in the southeast portion of the company’s 80%-owned Certej project on the eastern end of the Brad-Sacaramb gold trend in Romania.
The angled holes, spaced 160 metres apart, will test the extent and grade of disseminated gold and silver mineralization between historically mined veins along a 500-metres strike length. The holes will cut across two parallel zones and reach down to a depth of 300 metres.
The company defined the drill targets via a surface and underground channel sampling program in 2001.
The Sacaramb deposit comprises a series of thin veins hosted in an altered Neogene andesitic sub-volcanic intrusion and associated extrusive rocks. The deposit has played host to mining as far back as 1745. Historical mining focussed along high-grade gold mineralized veins and occurred along a strike length of over 1,000 metres and to depths of more than 750 metres below surface.
Currently, there is minor gold production coming from three waste rock dumps at Sacaramb.
The Sacaramb target lies about 3km east of the Certej gold resource. An updated resource estimate for Certej’s eastern and western domains tabled in February, pegged indicated resources of 44.1 million tonnes running 1.9 grams gold and 10 grams silver per tonne. Another 14.1 million tonnes averaging 1.5 grams gold and 8 grams silver is classified as inferred. The central domain has an inferred resource of 2.9 million tonnes running 1.6 grams gold and 11 grams silver. A cutoff grade of 0.8 gram was employed.
The Certej deposit is interpreted to represent a mid to shallow-level, low-to-medium sulphidation epithermal system possibly associated with a porphyry-style hydrothermal system at depth. Mineralization is associated with pervasive quartz-adularia-clay-carbonate-pyrite alteration.
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