Drillhole assays from the Edwards area have now been received and initial results from the broad spaced preliminary drill testing of this area of structural complexity are encouraging.
? Nine of the eleven drillholes have intersected gold values greater than the 0.2g/t cut-off used at the Granite Castle deposit and 5 drillholes have intersected values greater than 1.00 g/t Au.
? Values from GCRC564 ([email protected] g/t Au, 28.2 ppm Ag) and GCRC570 ([email protected]/t Au, 15.2 ppm Ag) demonstrate the capacity of the mineralising system to contain higher value material.
? Follow-up work shall investigate the potential for structural jogs, dilation zones, and intersections as loci for potentially thicker and/or higher grade mineralisation.
? It is encouraging that the Edwards mineralisation remains open to the west.
MNM Price at posting:
8.4¢ Sentiment: Buy Disclosure: Held