GREAT SET OF RESULTS FOR SECOND PASS DRILLING. HARD TO THINK THIS WILL NOT BUILD INTO SOMETHING VERY COMMERCIAL. ALTHOUGH COMPOSITE SAMPLES THIS IS REALLY A FIRST CLASS RESULT..AND DEFINITELY OPEN NORTH AND SOUTH...and interestingly close to randgold operations....
‘Trench Zone’ at Antoinette prospect now demonstrates width and grade continuity over at least 500m strike and is open to south & depth
New composite results include:
20m @ 2.23g/t Au in BDAC080
20m @ 2.48g/t Au in BDAC086
12m @ 5.38g/t Au in BDAC087, including 4m @ 11.52g/t Au
24m @ 1.33g/t Au from surface in BDAC077
12m @ 2.11g/t Au in BDAC076
21m @ 1.62g/t Au EOH in BDAC038
These results show good width and grade consistency with the results of a maiden aircore program completed at Antoinette in January this year. Intercepts from that program included 20m @ 2.71g/t Au, 36m @ 1.54g/t Au, 4m @ 13.80g/t Au EOH, and 11m @ 3.71g/t Au EOH (Figure 1). A 5m geological test trench also returned 5m @ 6.62g/t Au
This along with previous descriptions of geology in other releases are very encouraging.
Given that Newcrest is funding exploration at the other good prospect, looks very good.
AOP Price at posting:
8.1¢ Sentiment: Buy Disclosure: Held