Excellent results from first four holes in current drilling program.
8.5m @ 21.55% Zn & 31.74g/t Ge from 203m, and
12.2m @ 5.01% Zn & 4.09g/t Ge from 181m, within
30.5m @ 8.15% Zn & 11.61g/t Ge from 181m
7.3m @ 1.54% Zn, 10.14% Pb, 14.24g/t Ag from 168.7m
4.1m @ 5.44% Zn & 20.50g/t Ge from 179.4m
4.0m @ 5.55% Pb 10.00g/t Ag from 187.5m
Eight diamond core drill holes have now been completed in the current
programme for approximately 2,500 metres. The drilling programme is
anticipated to continue through until late October.
Visual inspection of diamond core from the four most recently completed holes
(for which analytical results are pending) reveals that drilling continues to
intersect stock-worked and massive sulphide mineralisation comprising coarsegrained
sphalerite (zinc sulphide) and galena (lead sulphide). Examination of the
diamond drill core from AN07-030, the deepest hole drilled at the project to date,
shows that high-grade mineralisation has been intersected at depth. This result is
particularly encouraging as it confirms high grade mineralisation persists at
depth, and that mineralisation remains open at depth.
Economic grades and thicknesses of mineralisation have now been intersected
more than 100 metres deeper than previously defined, with mineralisation
remaining open at depth. This confirms the Company’s view that there is
considerable potential to expand on the resource base at the project, which prior
to commencement of the current drilling programme stood at:
5.92Mt at 5.84% Zn, 2.03% Pb, 9.49g/t Ag and 14.86g/t Ge or
5.92Mt at 8.74% Zn equivalent*
Samples from the latest drill holes have been submitted to an independent
analytical laboratory in Canada. Assay results are expected within four to six
weeks.
I reckon I can wait another month for the resource upgrade :)
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