re: Ann: Parkinson Dam Gold-Silver Drilling t... AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT
5th August 2009
PARKINSON DAM GOLD-SILVER DRILLING TO COMMENCE NEXT WEEK
Tasman Resources Ltd is pleased to announce that drilling for high grade gold and silver will commence next week at its 100% owned Parkinson Dam Project, located 60km west of Port Augusta in South Australia.
Tasman discovered new, outcropping epithermal-style gold and silver mineralisation in 2005, and later hit very encouraging, high grade gold and silver mineralisation in vertical hole PD 63 (21m at 21g/t Au and 83g/t Ag, including 9m down hole at 31g/t Au and 152g/t Ag). Follow up drilling close to PD 63 (within about 40m) confirmed the continuity and orientation of the main high grade structure targeted, but the intersections obtained were narrower and lower grade (e.g. 1.7g/t Au and 3.2g/t Ag over 1m down hole in PD 71).
However, the targeted structure hosting this high grade gold-silver mineralisation (named the P15 structure) may possibly extend much further west than the relatively small area so far tested (possibly for up to 1.6km), and Tasman has located outcropping, mineralised quartz veins along this projected trend (see Figure 1).
The planned drilling will consist of at least eight, widely spaced, RC percussion drill holes along this interpreted structure and beneath the outcropping quartz veins. Drill holes will be directed to the south, piercing the projected target structure as shown in Figure 1.
Drilling is scheduled to commence on 13th August 2009.
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