Aphrodite Gold drilling identifies gold over 600m strike length at Chameleon Prospect

Aphrodite Gold (ASX: AQQ) has identified further significant gold mineralisation after receiving the remaining gold assay results from its maiden reverse circulation (RC) drilling program over the Chameleon Gold Prospect.

The mineralisation is over a strike length of 600 metres down to a vertical depth of close to 200 metres at Chameleon, which is located 5 kilometres north east of its 1.03 million ounce (Moz) Aphrodite Gold Deposit, adding to overall operations.

Previous drilling results returned: 12 metres at 10.99g/t gold from 66 metres in CHR001, 11 metres at 2.05g/t gold from 129 metres in CHR002, and 8 metres at 1.51g/t gold from 227 metres in CHR009.

In addition, historic gold intercepts achieved at Chameleon include 34 metres at 3.59g/t gold from 124 metres, 22 metres at 5.43g/t gold from 150 metres and 8 metres at 3.39g/t gold from 202 metres.

Leon Reisgys, Aphrodite’s exploration and development director, said “these results give us strong confidence that Chameleon can deliver gold ounces to our overall Aphrodite Operations”.

Significantly, the trend of mineralisation at Chameleon extends SSE into Aphrodite’s tenements and possibly represents the northern extension of Aphrodite’s Hera Prospect which will be targeted in future exploration programs.

The RC drill program was completed in July 2011 and comprised 16 holes (3,170 metres) which tested the NNW trending Chameleon gold mineralised zone over a strike length of around 900 metres and down to a maximum vertical depth of 230 metres.

Initial results for the first eleven assayed holes were announced on 2 August 2011.

Chameleon forms part of the Scotia Gold Joint Venture Project which the company recently farmed into with Breakaway Resources (ASX: BRW).

Under the terms of the Joint Venture Agreement Aphrodite Gold can earn up to 80% of the gold rights in the Scotia Project tenements totally 217 square kilometres. The Chameleon Prospect is one of numerous gold targets which have been identified within the Scotia Project.

Originally published at: http://www.proactiveinvestors.com.au/companies/news/19086/aphrodite-gold-drilling-identifies-gold-over-600m-strike-length-at-chameleon-prospect-19086.html