hat projekte in austAlloy Resources discovers near surface gold at Horse Well project
Thursday, June 09, 2011
Alloy Resources (ASX: AYR) has made a new gold discovery near to existing gold deposits after receiving assays from an air core drilling program at the Horse Well gold project in the Yandal Greenstone Belt of Western Australia.
Three holes drilled across a quartz vein encountered visible gold from 24 metres, with this 1 metre interval returneing 17.35 grams per tonne (g/t) gold.
Highlights include:
- 8 metres at 4.4g/t gold from 12 metres (4 metre composite samples);
- 8 metres at 4.8g/t gold from 20 metres (1 metre interval samples); and
- 32 metres at 3.9g/t gold from surface (4 metre composite samples).
These preliminary assay results indicate the gold intervals have good grades in the shallow oxide zone.
The drilling program consisted of 101 holes and followed up anomalous gold intersections from previous drilling at the Mustang prospect, in other gold trends, and near the main gold deposits where there is a combined resource inventory of 1,054,100t at 2.91g/t gold for 98,700 ounces.
The nearest historical drilling is 500 metres to the north at Filly SW (90,400t at 7.85g/t gold) and there is no drilling in any other direction, so this new gold discovery is open ended and has been named the Warmblood Prospect.
Another transect of five holes spaced at 10 metres was drilled 50 metres to the south of the three hole transect with visible gold and assay results are pending.
Alloy Resources is awaiting further assay results from the remainder of the drilling program.
Future work will consist of follow up air core drilling, reverse circulating drilling into the fresh bedrock across new gold trends, and geophysical surveying to help target gold mineralised structures
ralien und neuseeland
Thursday, June 09, 2011
Alloy Resources (ASX: AYR) has made a new gold discovery near to existing gold deposits after receiving assays from an air core drilling program at the Horse Well gold project in the Yandal Greenstone Belt of Western Australia.
Three holes drilled across a quartz vein encountered visible gold from 24 metres, with this 1 metre interval returneing 17.35 grams per tonne (g/t) gold.
Highlights include:
- 8 metres at 4.4g/t gold from 12 metres (4 metre composite samples);
- 8 metres at 4.8g/t gold from 20 metres (1 metre interval samples); and
- 32 metres at 3.9g/t gold from surface (4 metre composite samples).
These preliminary assay results indicate the gold intervals have good grades in the shallow oxide zone.
The drilling program consisted of 101 holes and followed up anomalous gold intersections from previous drilling at the Mustang prospect, in other gold trends, and near the main gold deposits where there is a combined resource inventory of 1,054,100t at 2.91g/t gold for 98,700 ounces.
The nearest historical drilling is 500 metres to the north at Filly SW (90,400t at 7.85g/t gold) and there is no drilling in any other direction, so this new gold discovery is open ended and has been named the Warmblood Prospect.
Another transect of five holes spaced at 10 metres was drilled 50 metres to the south of the three hole transect with visible gold and assay results are pending.
Alloy Resources is awaiting further assay results from the remainder of the drilling program.
Future work will consist of follow up air core drilling, reverse circulating drilling into the fresh bedrock across new gold trends, and geophysical surveying to help target gold mineralised structures
ralien und neuseeland