🕐20.11.09 - 01:54 Uhr
Scotgold re-commences drilling at Cononish Gold and Silver Project
ASX Announcement: Scotgold Resources (ASX: SGZ)
20 November 2009
Scotgold re-commences drilling at Cononish Gold and Silver Project
Diamond drill program recommenced at Cononish to:
- Infill areas of Inferred resource within the existing JORC resource
test high grade gold targets inside adit but not included in JORC resource,
- including quartz vein with historic intersections averaging 30.5 g/t gold
and with assays values up to 119.9 g/t gold
Summary
Scotgold Resources Ltd (ASX:SGZ) has resumed drilling at the Cononish Gold
and Silver roject in Scotland.
The objectives of the program are two-fold:
- to infill a portion of the existing Inferred JORC Mineral Resource at
Cononish as a part of the Companys ongoing program to advance the project
to production, and
- to test high grade gold targets (up to 119.9g/t gold) which lie within
the recently identified eastern extension of the Cononish mineralisation
and outside the envelope of the JORC Mineral Resource.
An initial program of three NQ size diamond drill holes will be drilled
from surface in 2009, consisting of one hole into the existing JORC
Resource to be followed by a further two holes into the recently identified
eastern extension.
Subject to weather conditions, the resource classification drilling will
continue in early 2010 when a further seven NQ holes are planned for
drilling within the JORC envelope.
The NQ drilling will also target mineralization outside the JORC resource
envelope, specifically the potential down dip continuation of the
mineralisation encountered in trenches (up to 16.12 g/t Au over 2.10
metres) surface drill holes (up to 73.10 g/t Au over 1.77 metres) and
underground holes (up to 12.35 g/t Au over 1.49 metres).
During the same period a program of 12 short AQ size diamond drill holes
will be be drilled from within the Cononish adit.
These short holes will
test for possible extensions to the identified mineralisation in the
eastern part of the adit outside the existing JORC resource, in particular
a 1.6 metre-wide quartz vein where high grades (up to 119.9 g/t gold and
97.2g/t silver) have been reported from historic assays.
To view the full ASX announcement please click here.
http://esp.gewru.com/download/files/12414/1001788/Commence%20Redrilling%20at%20Cononish.pdf
For further information please contact:
Shane Sadlier
Non-Executive Director
Scotgold Resources Limited
Lindsay Street, Perth WA
Tel: +61 (8) 9428 2950
Mobile: +61 (0) 411 704 498
E:
Melanie Gray
Professional Public Relations
Tel: 08 9388 0944 / 0423 602 353
E:
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