Medusa Mining expands high grade gold-silver prospect at Saugon

Medusa Mining’s (LON:MML, ASX:MML, TSX:MLL) recent drilling has extended the mineralised gold-silver zones of  the Saugon project's First Hit Vein prospect to approximately 200 metres of strike and, and they remein open along strike and at depth.
This key exploration project is around 10 kilometres from Medusa’s Co-O gold mine in the Philippines, where it is currently working to double output to 200,000 ounces of gold per year.
The best assays had widths ranging from 0.75 to 4.55 metres, with grades ranging between 9.63 - 28.07 grams per tonne (g/t) gold and 125.13 - 413.6 g/t silver. The deepest high grade assay had 3.35 metres grading 11.71 g/t gold and 154 g/t silver, from around 180 metres.
"These new high-grade gold-silver drilling results, whilst confirming and extending significantly the 2004 results, have the hallmarks of a substantial mineralised structure,” managing director Geoff Davis said.
He adds: “The deepest high grade intersection ... and the robust new northern zone intersections indicate scope for substantial increases to this mineralisation,
“Work is on-going to further evaluate its potential to develop as a new deposit".
The First Hit Vein was initially uncovered at the Saugon project in back in 2004. The company thinks this earlier campaign found the ‘neck’ of a hydrothermal system, which may have more substantial zones of mineralisation at depth and along strike.
Subsequently, Medusa completed 34 new drill holes, for around 7,493 metres, and the results broadly confirm the 2004 drill holes, with some wider intersections with mid-range grades as well as narrow zones of high grades.
The drilling programme is aimed to repeat the 2004 un-surveyed holes to establish the geometry of the system and gain a better understanding of the mineralisation.
Drilling is still underway at Saugon.