- Continuous shallow supergene gold mineralisation has been intersected at the Mace prospect immediately west of the Tampia pit over a 550m long and 50m wide area with an average thickness of about 5m and uncut grade of 5.17 g/t Au. Better intersections include:
o 11mat13.90g/tAufrom7minMPRC025, o 8mat10.03g/tAufrom10minMPRC027, o 8mat4.83g/tAufrom9minMPRC017,
o 5mat4.17g/tAufrom8minMPRC022,
o 3mat5.26g/tAufrom2minMPRC033.- This supergene gold mineralisation occurs at a consistent depth of around 8m below surface over the 550m strike of the mineralisation, which is open to the west and associated with a gold soil anomaly that extends approximately 13km to the west.
- The distribution and continuity of the supergene gold mineralisation has exceeded expectations and should provide additional low cost gold ounces.
- Additional drilling of the supergene zone has been given immediate priority. The initial plan for drilling of a further 500m of strike extent is currently in progress.
- Four diamond holes at Gravity Anomaly 8 to provide additional geological information from the gold intersected in the initial RC exploration drilling has been completed. Exploration RC drilling of this major target will recommence in the coming weeks, immediately following completion of the drilling of the further 500m of strike extent at Mace.
- The increasing prospectivity of the Mace and A8 targets warrant immediately stepping up the Company’s exploration program through the next six months.
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