Aphrodite Gold (ASX: AQQ) has received more drill results from a drill program of the Epsilon structure at the Aphrodite Gold deposit, providing potential for a single large open pit development.
The results are from a further four reverse circulation holes for 748 metres along a single north-south line to further test the Epsilon and other cross cutting structures for gold mineralisation to a vertical depth of around 200 metres.
Gold intersections from the latest drill testing of Epsilon and other near parallel structures between the Alpha and Phi Lodes included:
- 13 metres at 2.23 grams per tonne (g/t) gold from 137 metres; and
- 4 metres at 3.88g/t gold from 102 metres, including 2 metres at 6.90g/t gold.
The program was designed to evaluate the resource potential of the Epsilon and other cross cutting structures at its Aphrodite Gold Deposit.
The company said the potential for uplift in resources at Aphrodite from these ‘Epsilon type’ cross cutting lodes was "considered significant."
If this potential were realised, then the current scenario being examined of developing separate pits on the Alpha and Phi lodes to mine the near surface resources may ultimately lead to a single large open pit being developed.
Originally published at: http://www.proactiveinvestors.com.au/companies/news/20439/aphrodite-gold-intersects-more-gold-at-the-aphrodite-gold-project-in-western-australia-20439.html
Proactiveinvestors is a leading multi-media news organisation, investor portal and events management business with offices in New York, Sydney, Toronto, Frankfurt and London.
No comments:
Post a Comment