http://www.proactiveinvestors.com.au/companies/news/13012/ggg-resources-reveals-highly-encouraging-drill-results-from-bullabulling-13012.html
GGG and Auzex are on track to complete an updated and upgraded JORC resource estimate in Q2 2011 GGG Resources (LON:GGG) has revealed another set of strong drill results from the Bullabulling gold project in Western Australia it is developing with joint venture partner Auzex Resources (ASX:AZX).
It intersected gold mineralisation in 58 of the 59 drill holes that were included in the results. The results covered 18,000 metres of drilling.
This is the second batch of results from an ongoing drill program, which is currently one third complete. Back in December GGG gave the results of the first eleven holes.
"We are highly encouraged by the results to date which confirm the model of a large, low grade deposit with high grade zones,? managing director Jeff Malaihollo said.
Importantly the group said it was on track for an updated and upgraded JORC resource estimate in the second quarter of 2011.
GGG said that so far the drilling results have improved management's confidence in the current resource model as well as the historic data.
Around a third of the results show greater grades or widths than Bullabulling?s historic results.
Furthermore it has found new zones of mineralisation, which account for about a quarter of the results. These new zones have been found both below and along strike from known mineralisation.
The new zones include grades between 2.1 and 152 grams per tonne gold with widths ranging from 1 metre to 39 metres.
Here comes an upgrade in resource.
SLE
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