Can anyone decipher the following for me and spell it out in layman's terms? It all sounds good but it may be just gobblygook
Gold and Silver Mineralization Extended at Cononish Deposit in Scotland
Highlights:
• Historic data shows gold mineralization at the Cononish Gold and Silver Deposit extends in a broad zone a further 1.5 kilometres east of the adit entrance
• Mineralization is indicated by extensive gold-in-soil anomalies, assays oftrenching and outcrop samples as well as a large IP geophysical anomaly
• Assay results include 35.0, 7.26 and 3.86 g/t gold and 150.0, 62.1 and 58.6g/t silver
• Scotgold is planning an exploration program to test the area by drilling,with the potential to significantly upgrade the Cononish deposit
CONCLUSIONS AND FURTHER WORK
Scotgold now believes that, on the basis of its review of historical exploration carried out over 20 years ago, there is a strong possibility that gold mineralization continues east for over another 1.85 kilometres outside of the current JORC Resource envelope.
The extensive gold-in-soil anomalies, mineralization associated with outcrops and trenching and the large, unexplained IP anomaly clearly require follow-up, as Scotgold moves to bring the Cononish gold/silver deposit into production.
The area east of and surrounding the adit portal is largely covered by glacial overburden, in places deeper than 5.0 metres. In planning the exploration program for this area, the Company will evaluate the usefulness of all relevant geophysical techniques prior to further drilling to test
the anomalous data.
Chris Sangster
Chief Executive Officer
For further information please contact:
Chris Sangster
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