re: $1.30 Independence Group NL (IGO), today announced that AngloGold Ashanti diamond drilling has intercepted 14m @ 2.2 g/t Au (including 5m @ 3.6 g/t Au) in fresh rock within the previously discovered gold system at the Tropicana East project. The Tropicana East Joint Venture comprises approximately 8,200 km2 of tenure over a strike length of 350km along the Yilgarn Craton, Fraser Range Mobile Belt collision zone. Geochemical sampling has identified a number of large surface gold anomalies along the zone of which only 1 has been drilled to date. Encouraging gold intercepts have previously been returned from the anomaly, associated with broad intense pyrite and sericite alteration zones crosscutting Proterozoic intrusives. Induced polarisation surveys suggest the sulphide zone is in excess of 2 km in strike length. Prior to this exploration, no known gold deposits have been identified in this potentially new Proterozoic Gold Province.
http://www2.shawstockbroking.com.au/egoli/egoliNewsViewsPage.asp?PageID={608ACABD-73F7-4834-AE58-664B0119FCAA}
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