THE DRILL SERGEANT: Los Cerros (ASX: LCL) released the latest drill results from the first drilling program at the Kusi prospect, part of the company’s 100 per cent-owned Ono project in Papua New Guinea.
Los Cerros declared results from hole KS23DD004 to be “spectacular”, which it said had combined with visual results from KS23DD005 to motivate a re-assessment of the potential of the Kusi Upper Limestone skarn mineralisation.
Results include:
KU23DD002
39.8 metres at 1.85 grams per tonne gold from 143.2m, including 13.6m at 3.14g/t gold from 169.4m;
KU23DD003
7.3m at 2.25g/t gold from 160.7m and 11m at 4.36g/t gold from 182m; and
KU23DD004
52m at 3.65g/t gold from 164m including 6.68m at 10.91g/t gold from 171.75m and 7.5m at 14.87g/t gold from 191.7m.
Los Cerros said its drilling to date had exceeded its grade expectations while providing information about gold distribution and continuity and confirming the company’s evolving geological model.
The company has interpreted its observations to suggest a higher-grade gold zone emerging to the north of the common drill pad, generally associated with garnet (green and brown) skarn alteration with weak copper mineralisation.
“We are very pleased with the results,” Los Cerros managing director Jason Stirbinskis said in the company’s ASX announcement.
“We are only 5 holes into a roughly 18-hole program, so we have much more to learn and discover, but this has been a great start.”
