🕐08.12.09 - 03:00 Uhr
Atom Energy - Kalgoorlie North Gold Project - Historical High Grade Intercepts Confirmed
ASX Announcement
8 December 2009
Kalgoorlie North Gold Project - Historical High Grade Intercepts Confirmed
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Highlights:
Bonanza grade gold mineralisation has been identified from historical
drilling outside of existing resources
Significant historical results include:
- 11 m @ 458.9 g/t, including 1.0 m @ 3112 g/t, Hole BCRB2194
- 17 m @ 3.5 g/t, including 2.0 m @ 11.68 g/t, Hole DXL107
- 4.0 m @ 16.1 g/t, including 1.0 m @ 58.6 g/t, Hole BCRC165
- 14 m @ 60.82 g/t, including 1.0 m @ 684 g/t, Hole BCRC173
Historical drill results confirm high grade potential of mineralisation and
substantial targets beyond existing resources
Multiple mineralised structures and extensive existing drilling database
offer potential for continued resource expansion in a major gold producing
region with excellent infrastructure and proximity to existing processing
facilities
Targets will be drill tested by extensive programs in 2010
Emerging gold explorer, Atom Energy Limited (Atom) is pleased to announce
early stage results from a comprehensive regional targeting program that is
currently being conducted on the Kalgoorlie North Gold Project.
The
identification of a significant number of advanced high grade exploration
targets exemplifies the potential for both near surface and underground
high grade deposits within the project area.
Results:
The historical results from the Eureka shear zone in the west of the
Project area are very encouraging.
Historical drilling on the northern
extensions to the shear, which hosts the Eureka deposit, was conducted on a
North-North Westerly orientation to test the major shear.
High grade intercepts encountered are located in close proximity to a
North-Easterly orientated cross cutting structure, identified from detailed
airborne magnetic survey information, which has been poorly drill tested.
At the Excelsior deposit to the east, which currently hosts an Inferred
Resource of 187,000ozs from 4.2 Mt @ 1.4 g/t, numerous intercepts beyond
the current extents of the resource require furtherdrilling to test the
mineralisation within the Excelsior Shear Zone.
Drilling is currently
progressing in this area.
Planned Drilling:
Based on the outstanding historical drill results, an RC drilling program
is being planned to target mineralisation which has not been adequately
tested by the historical drilling.
Dominant regional North-North Westerly structures have been the focus of
previous drilling while high grade North-East cross cutting structures,
which have returned assays up to 3112g/t, warrant careful evaluation and
targeted drilling.
Atom Energys highly experienced technical team seeks to target these high
grade cross cutting structures with drilling programs during 2010.
To download the full announcement, click here
http://esp.gewru.com/download/files/12414/1023009/Atom%20Energy%20-%20Kalgoorlie%20North%20Gold%20Project%20-%20Historical%20High%20Gr.pdf
For further information, please contact:
Atom Energy Limited
Bruce Lane
Executive Director
T: + 61 8 9481 2276
E:
Media
Felicity Nuttall
Professional Public Relations
T: + 61 8 9388 0944
E:
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