Drilling is expected to recommence at the Marudi Mountain property in Guyana in late January.
Sutton Resources (VSE), owner of the property, concentrated 1991 drilling on the Mazoa Hill zone, which measures about 650 ft. square. The drilling returned a number of wide gold intersections, including 105 metres grading 2.16 grams gold per tonne in hole 15 and 111 metres grading 3.12 grams gold in hole 16.
The company is now calculating a preliminary reserve figure for the Mazoa Hill zone. The zone remains open to expansions.
The upcoming drilling program will test at least three other prime targets which contain gold-mineralized iron formation.
Drilling will test the Toucan Hill area where soil samples contained free gold in panned concentrates. Another target, the Marudi Mountain zone, covers an area of boulders measuring 650 ft. square which returned samples averaging 3.8 grams gold.
The third area, the Peace Creek, is reported to contain a collapsed adit which records show assayed an average of 69 grams gold over a 1.6-metre width for a length of over 30 metres.
Sutton also reports that it has received a commitment for a US$1-million line of credit from its chairman, James Sinclair. Funds drawn down under the line of credit will bear interest at 6% per annum.
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