MGH 3.45% $4.80 maas group holdings limited

outstanding gold drill results at melrose

  1. 416 Posts.
    from mgh website 23 aug 2011

    www.melrosegold.com.au/documents/OutstandinggolddrillresultsatMelrose.pdf

    DRILLING CONFIRMS HIGH GRADE GOLD MINERALISATION AT DEPTH
    VISIBLE GOLD IN DIAMOND CORES
    18 METERS OF MINERALISATION INCLUDING 12 METERS OF SOLID ORE
    DIAMOND DRILLING PROGRAM CONTINUES

    Melrose Gold Mines Ltd is extremely pleased to advise that the first of the holes drilled as part of a diamond
    drilling program at our owned and operated Melrose gold project has intercepted visible gold within a 12 meter
    section of solid ore consisting of quartz diorite with disseminated sulphides (mostly pyrite and pyrrhotite).

    The total width of mineralisation intersected in this hole was 18m and appears to be two major veins.
    This diamond hole was terminated at 120m depth and the rig has been moved to the next hole. Drilling is continuing.

    Assay results will be provided to the market when available. Melrose project is located approximately 170 km
    from Leonora in the Eastern Goldfields of Western Australia.

    This high grade drill incept confirms the potential of Melrose project to host significant additional gold
    mineralisation below the three know gold deposits. The project contains resource of 340,000 ounces in measured
    indicated and inferred categories. Approximately half of the resource is in measured and indicated category
 
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