Information below is taken from TGS ASX announcement on the 23th November 2010!
Infill Drilling of High Grade Supergene Ore Zone A 16-hole diamond and RC infill drilling programme on the high grade zone of copper mineralisation at Sase Central has commenced. The first four RC holes in the programme have been completed. Drill chips indicate the presence of significant malachite and sulphide mineralisation in all holes over intervals of more than 100m. Niton analysis indicates that the drill holes intersected several high grade intervals. It is anticipated that the current drilling will be sufficient for a JORC compliant Mineral Resource estimation to be completed at Sase Central. Further drilling results will be available in December. Sase South During the course of the current drilling programme a soil sampling programme on a 200m by 50m grid was completed to extend coverage provided by previous surveys and to test structural trap sites and targets identified from interpreted high resolution geophysical data. A four-hole reconnaissance RC programme was designed and undertaken to test a large copper-in-soil anomaly at Sase South that is coincident with a major magnetic anomaly. Sase South is situated 1500m from the Sase Central prospect. Preliminary indications are considered very significant as copper mineralisation was intersected in three of the four holes. The drill holes penetrated through sequences of both oxide and sulphide mineralisation. Results are expected in December. The results suggest that a new zone of mineralisation has been indentified within proximity of Sase Central.
TGS Price at posting:
54.0¢ Sentiment: LT Buy Disclosure: Held
