The drilling at the
Drilling
The Company has completed its inaugural drilling campaign into the Golden Jubilee deposit and is reporting the available assay results from the 10 holes drilled. The Company was fully funded to complete this program and has funds available to undertake follow up additional work. The mineralization has been intersected down dip and along strike of existing drill holes and underground workings. There is also further evidence that there are an additional two mineralized zones in the footwall and hanging wall of the targeted Golden Jubilee mineralized structure. These outcomes provide encouragement to undertake more drilling in order to follow up on several geophysical targets which indicate that the mineralized structure extends for up to an additional one kilometre of strike. New exploration drill permits will be sought to facilitate this drilling. The Company is also evaluating the current water and operating permits with the relevant government departments. The gold mineralization intersected by the reverse circulation drilling is associated with a shear hosted iron quartz, sulphide rich replacement zone.
Some characteristics of the mineralization and drill program include:- Drilling indicates that it is shallow, between 30 and 240 metres from surface.
The contacts to the mineralization are in competent marbleised limestones.
The mineralized zones are visibly distinct It occurs in multiple parallel mineralized structures.
The First phase of drilling and results continue to support the presence of mineralization below the lowest mine level. There is rising confidence in parallel mineralized zones that will require additional drilling. Not only does the main zone at the Golden Jubilee continue, but recent geophysics has highlighted targets and offsets one kilometre along strike. This information with existing high grade production and processing information will support and develop our model of the high grade and exploration structures further,' commented
About Golden Jubilee
The 22 Golden Jubilee claims are situated in
About
Contact:
Tel: +61 (0) 439 904 044
Email: bsostak@transatlanticminingcorp.com
(C) 2023 Electronic News Publishing, source