AZH 0.00% 24.5¢ azimuth resources limited

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  1. 117 Posts.
    Key bits below. The company is excited enough to step up drilling.

    Further high grade results from shallow drilling at Smarts:
    Highlights include 14m @ 17.5 g/t Au (including 3m @
    54.43g/t Au), 9m @ 8.6 g/t Au, 17m @ 1.88g/t Au, & 5m @
    8.7 g/t Au
    Highlights
     First pass shallow reverse circulation scout drilling at the Smarts prospect has
    returned further high grade mineralised intercepts. Previously the company
    had reported assay results for a single hole, SRC009 which intersected 29
    metres @ 14.3g/t Au, and results reported today include further outstanding
    results such as SRC008 which intersected 14 metres @ 17.52 g/t Au from 42‐
    56m, including 3m @ 54.3 g/t Au from 48‐51m and SRC006 which intersected
    9m @ 8.57 g/t Au. Both holes are supported by other numerous mineralised
    intercepts within a volume of approximately 150m strike, 150m width to a
    vertical depth of 40m in the immediate vicinity of the Smarts bedrock artisinal
    working.
     Regional mapping in the Smarts anomaly area has revealed an artisinal working
    which has exposed shear hosted mineralisation over a width of 80 metres
    containing a 10 metre wide interval of intense quartz veining including a single
    5 metre wide quartz clay breccia with visible gold in associated peripheral
    veins. This working lies on strike from the area of drilling at Smarts and
    extends the Smarts zone to a strike of at least 1200 metres.
     The second reverse circulation rig arrived on site March 27, 2011 and has been
    assigned to accelerate the scout drilling program at the Smarts prospect before
    completing resource drilling at Hicks, after which it will commence resource
    drilling at the Smarts prospect.
     The Company has contracted a third multipurpose air core / RC / diamond rig
    which is scheduled to arrive in country in May, 2011 and arrive on site in June
    2011.
 
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