Diamond drilling of the Lockington South Prospect is continuing, with three holes completed for a total of 1531 metres. Hole LODT004 is currently passing 725 metres of a planned 750 to 800 metres final depth. Hole LODT005 should commence on 21 June 2011 and is expected to be completed by early July 2011. Narrow zones of mineralisation were intersected in the first two holes. This initial 5 hole drill programme is focussed on testing the mineralisation drilled by Gold Fields Australasia in the period 2005-2007, as well as to test the complex fold structures in the eastern portion of the prospect. This initial program will be completed with the drilling of a fifth hole on the eastern side, bringing the program to about 2,800 metres. To date, 196 samples of half core splits have been sent for assay, results are expected to be ready by the end of this month. Geological analysis of stratigraphy and structural relationships is in progress and the Company is planning to complete this by end July 2011.
MCA Price at posting:
14.0¢ Sentiment: None Disclosure: Held
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