Mining Group confirms continuous gold at Taub
THE DRILL SERGEANT: Mining Group Limited (ASX: MNE) has received further positive results from a high-grade gold bearing vein system at the Taub prospect at the company’s Comval copper gold project in the Philippines.
Mining Group claims Taub as a newly-discovered gold prospect situated approximately 7.5 kilometres north of the Tagpura copper deposit.
Location and geology map for the Comval copper gold project and prospect locations. Source: Company announcement
The company has undertaken a systematic trenching, mapping and sampling program at Taub, approximately 7km north of the historic Tagpura open pit mine (Figure 1 below).
The purpose of this work is to delineate the strike extent and grade continuity of previously identified quartz veins from historic rock chip sampling and the existence of small artisanal workings.
According to Mining Group this work has identified a 200m wide structural corridor at Taub with gold mineralisation identified over 300m along strike and open in all directions.
Mining Group has received results for trench CCPCH00003, 200m north of trench CCPCH00001, which returned a previously reported intercept of 4m at 17.75 grams per tonne gold.
Trench CCPCH00003 returned a best interval of 14m at 11.38g/t gold and 18.06g/t silver.
An individual rock chip result from the same trench returned 57.30g/t gold and 122.90g/t silver.
“Taub is clearly a high quality drill target with the latest results from trench CCPCH00003 demonstrating the continuity of the mineralised system over a 300 metre strike length with exceptional surface gold and silver grades,” Mining Group managing director Zeff Reeves said in the company’s announcement to the Australian Securities Exchange.
“These results not only show the zone is continuous but highlight the high-grade nature of Taub.
“We are aiming to commence RC drilling within the next few months to follow up these exciting results.
“We’ve also been carrying out similar work at Ugpo 1.5 kilometres to the west where four trenches have been installed with results indicating the presence of another strike extensive gold bearing zone.
“We need to carry out further work at Ugpo to better understand the controls on mineralisation prior to committing to drilling testing.”