Further encouraging news from Anglo drilling at Tropicana:
INDEPENDENCE GOLD NL 2003-06-11 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++ HIGHLIGHTS
* One metre fire assay re-samples of four metre composites reported last quarter have returned further highly encouraging gold results as follows:
HOLE NO AZIMUTH FROM TO INTERSECTION
TPA0120 -90deg 41-51m 10m @ 2.35 g/t Au 54-61m(EOH) 7m @ 2.20 g/t Au TPA0125 -60deg 52-60m(EOH) 8m @ 1.20 g/t Au TPA0133 -90deg 41-46m(EOH) 5m @ 1.30 g/t Au TPA0136 -90deg 19-23m 4m @ 3.1 g/t Au
EOH denotes hole ended in mineralisation
* Supergene gold mineralisation has been defined over a one kilometre strike length beneath shallow transported cover (5-15m).
* Primary gold mineralisation intersected in four holes (TPA 27, 120, 125 & 133) over a 700m strike length.
* AngloGold Australia Limited is about to commence geophysical surveys and RC drilling to determine whether an economic gold deposit can be delineated.
* AngloGold also plans to test for extensions and other geochemical gold anomalies within this new gold province.
Re-sample results from the recent drilling program at the Tropicana East JV, which is located approximately 230 kilometres east-southeast of Laverton in Western Australia.
The company's joint venture partner AngloGold Australia Limited (currently earning 70%), has just released Fire Assay results for re-samples collected over one metre intervals for encouraging four metre composite Aqua Regia results previously reported in Independence Gold's March 2003 Quarterly report.
The Fire Assay results confirm the previously reported results returned from wide-spaced, mostly vertical aircore holes drilled into a core zone of moderately strong supergene mineralisation recently defined over a strike length of approximately one kilometre. This core zone is surrounded by an extensive halo of weakly developed supergene mineralisation. Many of the holes which intercepted the core of the supergene zone ended in elevated Au mineralisation at the bottom of the hole. Mineralisation in holes TPA027 (1m samples previously reported), TPA0120, TPA0125 and TPA0133, all of which are mineralised to the end of hole, are currently interpreted as being from the primary zone. The results therefore now suggest the potential for the zone to return gold mineralisation over economic grades and widths within the primary zone over a 700m strike length.
Results include hole TPA0120 where previously reported 21m @ 1.35 g/t Au from 40m downhole re-assayed at 10m @ 2.3 g/t Au (41-51m) and 7m @ 2.2 g/t Au (54-61mEOH).
The partners recently pegged an additional six exploration licences to consolidate the Joint Venture ground holding in the region which now totals ten licences covering a total of approximately 2100sqkm.
Independence Gold NL also has a 100% interest in an additional seven exploration licences (approximately 1470sqkm) which are immediately to the west of the Joint Venture project. Many large gold geochemical anomalies, which remain to be drill tested, occur on both the Joint Venture area and 100% Independence Gold tenements.
Further drilling and geophysical surveys are expected to commence on the Joint Venture tenements within two to three weeks.
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