Infill underground drilling at
Highlights include 105 metres grading 1.75% copper and 1.08 grams gold per tonne; 131 metres of 1.39% copper and 0.82 gram gold, and 41 metres of 0.97% copper and 0.85 gram gold. All are true widths.
Silver grades ranged from 2.6 to 5.7 grams per tonne; palladium, from 0.09 to 0.15 gram.
The zones all include shorter intervals with higher grades (up to 3.27% copper and 2.39 grams gold over 21 metres in one hole).
Four holes totalling 1,704 metres in length were drilled on section in a fan configuration. All holes cut a higher-grade core surrounded by lower-grade mineralization.
Hole 8 was drilled at the steepest angle and intersected 12 metres grading 1.48% copper and 1.17 grams gold at a down-hole depth of 356 metres. All other holes cut mineralization beginning at 138-174 metres down-hole.
The holes intersected the mineralized zone at intervals of 40-100 metres apart and over a vertical distance of more than 300 metres. Drilling continues to test other sections.
The company is firming up a measured and indicated resource of 68.7 million tonnes grading 1.08% copper, 0.85 gram gold, 2.62 grams silver and 0.12 gram palladium. The estimate is based on a cutoff grade of 0.7% copper-equivalent and prices of US85 per lb. copper, US$375 per oz. gold, US$5.25 per oz. silver, and US$200 per oz. palladium.
This resource is below, and adjacent to, the past-producing Afton open pit.
An exploration decline is being developed; having progressed 950 metres, it is almost half-complete.
DRC Resources changed its name to New Gold in early June.
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