Since November, the company has completed 64 core holes, bringing to 188 the total number drilled. The recent work was aimed at extending the deposit, which is believed to host 50.6 million tonnes grading 2.21 grams gold per tonne.
Thirteen of the final 19 holes extended mineralization 300 metres to the southwest, outlining three or four distinct corridors containing up to 14.27 grams gold per tonne and measuring from 2 to 160 metres in width.
Hole 173 returned 30 metres grading 1.62 grams gold, indicating that mineralization extends to the southeast.
Testing geophysical anomalies to the northwest and northeast of the deposit, holes 185 and 186 each intersected mineralization. The former identified a new zone with high-grade potential, returning 43.94 grams over 2 metres, whereas hole 186 cut the system’s feeder structure, which, the geophysical results suggest, could extend for another 200 metres to the northeast.
Meanwhile, a new showing was identified 1.2 km to the northeast. Several samples of outcroppings of vuggy quartz/clay-hematite assayed between 0.5 and 2 grams gold. However, a follow-up exploration hole came back empty. Further work is planned.
Mine Reserve Associates of Wheat Ridge, Colo., is incorporating the new results into an updated resource calculation. Drilling will renew in the fall, after the rainy season.
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