Inferred Total Eldorado (1) 0.22Mt @ 1.5g/t 0.22Mt @ 1.5g/t 10,600 oz 10,600 oz --------------------------------------------------- And on todays ann:
GLN 10:25 AM Eldorado Drilling Highlights Fortnum Prospectivity
The attached table summarises results for the 24 RC holes (for 1,245 metres) completed at Eldorado, which has now been drilled on 20m line spacing to an average depth of approximately 50m vertical. Better intersections include: ELRC003 2.0m at 10.1g/t from 7m ELRC018 8.0m at 7.78g/t from 46m Including 3.0m at 17.6g/t from 47m ELRC021 11m at 4.60g/t from 31m Including 4.0m at 11.0g/t from 33m This drilling has confirmed the: • continuity of mineralisation within the +200m long Eldorado deposit. • presence of shallow high grade mineralisation within close proximity of the Fortnum treatment plant. • potential definition of south plunging high grade shoots similar to the Starlight style of mineralisation. • outstanding prospectivity of the immediate Fortnum area.
Gleneagle currently has: • 1.04 Million ounces of resource, • a 1.0 Million tonne per annum treatment plant, • over 2,500km2 of highly prospective tenements in the Peak Hill Goldfield, • a market capitalisation of $22 million with 69.6 million shares on issue, and • 18.9 million options on issue.
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Will watch it closely in the next few days and weeks....looking for an entry here....
cheers,
T10 :)
ZLD Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
