Vancouver-based Goldrush Resources (CVE:GOD) reported Thursday the results from 19 drill holes at its Ronguen gold deposit in Burkina Faso, West Africa, discovering additional gold zones 430 metres away from the current resource.
The 19 reverse circulation holes consisted of 11 holes on the western G2 grid, five holes on the eastern grid, and three on the South Zone, which is roughly 200 metres south of the Ronguen Main Zone.
On the western G2 grid, hole KGRR011-135, drilled 430 metres to the west of the nearest hole on the Ronguen deposit, returned 2.14 grams per tonne (g/t) of gold over 4 metres at a vertical depth of 13 metres.
This hole is also just 40 metres northeast of a previous rotary air blast hole, which intersected 7.72 g/t gold over 6 metres.
The company said that hole 135 represents either the north-east extension of the prior rotary hole, or a new mineralized zone. Either way, however, the discovery of additional zones 430 metres from the deposit has the potential to boost the ultimate size of the project.
Meanwhile, the company saw solid grades over wide intercepts in the South Zone. Highlights include 3.62 g/t gold over 6 metres in hole KGRR011-130; 1.70 g/t gold over 7 metres and 1.29 g/t gold over 7 metres in hole KGRR011-152, drilled 40 metres west of hole 130.
Other notable results from the west and east grids include 1.14 g/t gold over 17 metres in hole KGRR011-145; 0.95 g/t gold over 16 metres in hole KGRR011-150; and 0.84 g/t gold over 15 metres in hole KGRR011-128.
Goldrush said the results from these holes have confirmed gold mineralization in areas of the Main Zone that saw little prior drilling.
The company is still awaiting results from more reverse circulation holes drilled on other target areas. To follow up on the results so far, Goldrush has entered into contracts to complete 10,000 metres of further reverse circulation drilling and 8,000 metres of core drilling during the third quarter.
The Ronguen deposit, which hosts 249,000 ounces of inferred gold, remains open to the west, north and northeast.
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