Is S41 prospect the next gold porphyry system, a diamond drill...

Is S41 prospect the next gold porphyry system, a diamond drill rig is setting up to find out!!!!!


Air-core drill-hole STAC0115 at S41 prospect:
4m at 2.21g/t Au, 6.9g/t Ag, 0.10% Pb and 0.18% Zn from 96m, including:
• 2m at 3.92g/t Au, 9.3g/t Ag, 0.18% Pb and 0.31% Zn from 98m; and 2m at 0.47g/t Au and 3.1g/t Ag from 140m to end-of-hole

The air-core drill results and noted hydrothermal alteration have defined a large hydrothermal alteration system approximately 2km long in a north-west orientation with widespread sericite-silica-pyrite alteration and associated Au, Ag, Pb, Zn, As, Sb ± Cu ± Mo geochemical anomalism.
 The S41 prospect appears to host a large phyllic alteration system, possibly associated with a deeper porphyry, that has been overprinted by a high-level epithermal gold-silverbase metal-carbonate system.
 A diamond drill rig is about to set up to drill a hole designed to test ~300m below the gold-silver intercept in STAC0115.


Mr Chris Cairns, said: “The S41 prospect is emerging as a very exciting discovery opportunity. S41 is a large hydrothermal alteration system potentially related to a deeper porphyry and appears, based on air-core drilling to date, to be a 2-kilometre long phyllic alteration halo that has been overprinted by a high-level epithermal gold-silver system. The prospect displays an overprint of a precious metal, base metal and arsenic/antimony pathfinder signature typical of an epithermal gold-silver system.