Tuesday, 3 January 2012

Kentor Gold aims to expand Gabanintha copper gold resource

Kentor Gold (ASX: KGL) is planning a reverse circulation drilling program at the Gabanintha Gold-Copper Project, Western Australia, in an effort to increase the existing gold JORC resource.

This will be part of a wider 20,000 metre reverse circulation drilling program that will begin this month at the nearby Burnakura Gold Project.

The decision to proceed with drilling Gabanintha follows the results from a September 2011 HeliTEM survey over some of the most prospective areas of the company’s tenements.

Several drilling targets were identified at Gabanintha, with modelling of these targets due to commence this month.

Modelling will allow Kentor to estimate the size and orientation of the targets to direct follow up drilling.

Kentor is targeting a n increase to Gabanintha’s existing Inferred Resource of 4.5 million tonnes at 1.4 grams per tonne (g/t) gold for 203,000 ounces of gold based on a 0.5g/t cut off.

The company aims to commence gold production at Burnakura during 2012.

Originally published at: http://www.proactiveinvestors.com.au/companies/news/23775/kentor-gold-aims-to-expand-gabanintha-copper-gold-resource-23775.html

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