Monteray Mining hits gold mineralisation at Pepin North.

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THE DRILL SERGEANT: Monteray Mining (ASX: MRY) has completed a maiden RC/AC drilling program at the company’s Pepin North prospect in Burkina Faso.

The company has so far received results that represent 59 per cent of the 9 holes for 1,116 metres of RC drilling and 57 holes for 2,981m of AC drilling.

Monteray indicated it was currently arranging for the re-assaying of 4m composites, with results expected to be received along with the remaining holes in the coming weeks.

“These are extremely encouraging first pass drill results,” Monteray Mining director John Hannaford said in the company’s announcement the Australian Securities Exchange.

“The grade, width and depth of mineralisation exceeded our expectations and it has provided exceptional follow up targets over focused areas.

“Considerable upside from further exploration is expected.”

Monteray said intersections it had received to date have confirmed widespread shallow mineralisation over two anomalies, the Granite prospect and Kosongo prospect with results from the Tanghin prospect due within a couple of weeks.

Hole PNRC005 at Kosongo prospect returned 96m of continuous mineralisation including:

–    4 metres at 4.67 grams per tonne gold from 48 metres;

–    4m at 4.25g/t gold from 68m; and

–    52m at 1.25g/t gold from40m.

Hole PNAC002 at The Granites prospect returned:

–    4m at 2.97g/t gold from 24m.

 

Pepin North drill assays with rock ship sample results. Source: Company announcement

 

Drilling at the Kosongo prospect located in the southwest sector of the Pepin North Auger grid consisted of 3 RC holes for 438m and 25 AC holes for 1,647m.

These holes are the first to be drilled in the prospect area with all assays returned apart from the final three holes numbered PNAC035-037.

Drilling at the Granite prospect located in the northeast sector of the Pepin North Auger grid consisted of 4 RC holes for 430m and 12 AC holes for 250m.

As at the Kosongo prospect, these holes are also the first holes drilled in the prospect area with all assay returned apart from hole PNRC009.

Drilling at the Tanghin prospect located in the centre of the Pepin North Auger grid consisted of 2 RC holes for 298m (PNRC007-008) and 20 AC holes for 1,084m, and were again the first holes drilled in the prospect area.

No assay results have been returned from the Laboratory for this drilling yet.