Tekem high grades continue
Friday, 17 February 2012
QUINTESSENTIAL Resources has made a 2.4m intersection grading 16.9 grams per tonne gold from just a 10.5m depth in the fourth hole at the Tekem prospect of its Bismarck project in Papua New Guinea.
Tekem drilling, image courtesy of Quintessential.
The intercept was part of a wider 19.3m intersection that graded 2.55gpt and started just 1.5m from the surface.
The hole was only drilled to a depth of 96m and averaged 0.71gpt gold across this length.
Results are pending from a fifth hole drilled at the site, while the first three holes clocked up various high-grade intersections including 1m at 25.4gpt gold, 2.2m at 7.3gpt gold and 2.1m at 8.1gpt gold.
Drilling of two more holes is underway at Tekem.
Before Quintessential’s drilling program, the Tekem deposit hosted inferred resources of 35,400 ounces of gold grading 2.05gpt.
The Bismarck exploration licence is located in the northwest trending Papuan fold belt and is surrounded by BHP Billiton exploration licence applications.
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