gold at Kurnalpi
Carrick Gold (ASX: CRK) said gold result expectations are continuing to be met in the latest round of drilling at Kurnalpi deposit, which is one of three projects collectively known as the LKK Project near Kalgoorlie in Western Australia.
The latest highlights include 5 metres at 23.33 grams per tonne (g/t) gold from 86 metres, and 5 metres at 5.24g/t gold from 91 metres.
Carrick also intersected some much broader mineralisation, including 23 metres at 2.00g/t gold from 73 metres, and 15 metres at 2.18g/t gold from 79 metres.
Importantly grades and widths are continuing at depth as drilling progresses north, with the company saying that the results confirm potential for robust economics of an open pit mining operation.
Carrick remains well funded with around $19 million in cash and no debt.
John McKinstry, chief executive officer, commented, “On the strength of the deeper results at the northern end of the deposit we will need to come back to continue drilling the deeper extensions.
"Our immediate focus however is on ore that can be easily exploited by open cut mining at each of the deposits.
"This is the key to getting to reaching our goal of having production from the LKK Project by the end of 2012
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