SMC 0.00% 49.0¢ strategic minerals corporation nl

DANIELLE VEIN DELIVERS SPECTACULAR ASSAY RESULTS/ WOOLGAR GOLD...

  1. 351 Posts.
    DANIELLE VEIN DELIVERS SPECTACULAR ASSAY RESULTS/ WOOLGAR
    GOLD PROJECT QLD Multiple high grade assays grading up to 1953.2 g/t gold (62.8 oz / tonne) have now
    been received from the surface rock chip sampling recently completed over the Danielle
    Vein at the Company's Woolgar Gold Project.

    Five samples taken over a strike length of 88 metres gave the following results:

    Sample no: Assay g/t gold Distance along strike
    RB406840 0.57g/t Start of vein
    RB 406841 1953.2 g/t 29m
    RB 406842 0.67 g/t 46m
    RB 406843 1543 g/t 71m
    RB 406844 34.2 g/t 88m
    The material sampled includes both sub-crop and epithermal vein float material exposed
    over widths of 0.5 to 1 metre. The vein occurs in an untested area some 150 metres
    south of the Lost World prospect where the company has established a bulk mining
    resource of some 254,475 oz of gold.

    The company regards this new result to be highly significant, having the potential to
    deliver significant ounces of gold at high grades to the project. The vein is a high
    priority drill target.
    Strategic Minerals Corporation ­ 18/12/03 ASX Announcement p2 Assays from the Michelle Vein also gave encouraging values. All twenty three samples
    taken over the 500 metre strike length of the vein are gold anomalous, seven samples
    returning vales greater than 1g/t gold with a maximum value of 5.35 g/t gold. This vein
    is also a high priority drill target for the company.

    Assays results for the Barrick drilling are still awaited.


    Yours sincerely




    W.A.C. Martin
    Managing Director































 
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