“We are very pleased with this latest batch of results, which includes one of the highest gold grade assays returned to date at 7.69g/t and is associated with the previously reported potential feeder structure within hole VZ2527. The combination of widespread gold mineralisation across the broader footprint, along with the recognition of high-grade zones associated with one or potentially more epithermal feeder structures, reinforces our view that Vuzel may host a substantial near-surface gold system.
Drilling is continuing as part of the expanded Phase 2 program and our focus remains on targeting potential epithermal feeder zones, with the view that these zones may replicate across the deposit, considering the extent of the mineralised footprint of the target area. As a result of ongoing drilling, the mineralised footprint has also continued to expand along the 4km strike extent defined through anomalous gold mineralisation and the system remains open in multiple directions.
The cumulative results achieved over the course of the Phase 2 drilling campaign to date continue to provide strong validation of the exploration model we have developed for Vuzel. Given the geological setting and the context of recent M&A activity in the region, Vuzel is emerging as a technically compelling and high-potential asset. I look forward to updating shareholders as further results are received.”
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