July 2014 • Diamond drilling has commenced at the historic high...

July 2014
• Diamond drilling has commenced at the historic high grade Eldorado gold deposit,
aimed at testing down plunge extensions
• Reverse Circulation drilling to start next week within the Eldorado
Of particular interest at Eldorado is the unearthing of historic, underground rock chip sampling immediately beneath
the Turner Fault that suggests the continuation of the orebody at depth. This is supported by a number of historic,
very high grade gold intercepts (see inset fig 2), and whilst outside the traditional approach of focussing on only the
magnetic portion of the orebody, is consistent with our latest understanding of the association of high grade gold with
hematite (i.e. the non magnetic portion). The only diamond drill hole in this campaign is now underway and will test
the potential immediately beneath the Turner Fault (fig 2).

Sept 2014
The first and only diamond drill hole in this initial campaign was aimed at establishing the alteration and
geology below the post-mineral Turner Fault at Eldorado. Again this hole was successful in intersecting a
thick ~14.6m zone of specularite-hematite stringers, grading to massive specularite-hematite ± magnetite
ironstones with intervals of hematite-quartz breccias. Gold and copper within this zone were highly
anomalous, grading up to 1.06g/t gold, however the relatively low bismuth and iron content confirms that this
hole was likely on the periphery of the high grade gold shoot. Other reverse circulation drill holes such as
ELDRC049 and ELDRC050 intersected 3m at 1.78g/t gold and 6m at 0.3g/t gold respectively, again
providing additional geological data to better interpret the plunge to the very high grade Eldorado Deeps
mineralisation (figures 1 & 3).
Further near-mine drilling occurred in an area between anomaly 1A and Eldorado Deeps – resulting in
multiple intersections of previously unknown ironstones (figure 4). Whilst the assays indicate only anomalous
metals, this new zone is highly altered with dolomite, talc, chlorite, hematite-magnetite and hosts chalcopyrite
– pyrite mineralisation. This indicates the drilling was on the periphery of the main mineralising trend. Given
these results and the potential to add significant resources within the Eldorado mineralising envelope, the
next drill campaign will further test this zone down plunge and along strike (figures 3 & 4).