Zamia Gold Mines (ASX: ZGM) has kicked off a programme of drilling to test gold targets in its exploration tenements in the Clermont district of Central Queensland.
During the morning trade, shares in Zamia rose 5.3% to 4c.
Soil geochemical surveys during 2008-09 identified a number of areas with anomalous gold, arsenic and lead.
Zamia has selected the Matilda and Frankfield Hill targets for initial drill testing, with work to commence on up to 10 reverse circulation holes to 120m depth.
Matilda is a new target which has not previously been subjected to drilling. At Frankfield Hill, previous drilling along a fault zone intersected elevated gold concentrations.
The company's soil geochemical survey identified a new anomaly which was not tested in previous drilling. http://www.proactiveinvestors.com.au/companies/news/4103/zamia-gold-mines-commences-drilling-on-gold-targets-4103.html
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