Millennium encouraged by Nullagine drilling

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THE DRILL SERGEANT: Millennium Minerals has received assay results from RC drilling undertaken this year at the Crow and Condor deposits, situated within the Golden Gate area of the company’s Nullagine gold project.
 
Millennium recently completed a total of 15 Reverse Circulation holes for 987 metres at the Condor and Crow deposits at the Golden Gate area.

The company said recent intersections received from the Crow & Condor deposits at the Golden Gate area demonstrate them to be open along strike and down dip.

Recent gold intercepts include:

–    6 metres at 7.17 grams per tonne gold from 48 metres (Crow);

–    9m at 4.77 g/t gold from 75m (Condor);

–    6m at 3.28 g/t gold from 18m (Condor);

–    4m at 4.06 g/t gold from 18m (Condor);

–    3m at 5.14 g/t gold from 39m (Condor);

–    6m at 1.79 g/t gold from 64m (Condor);

–    3m at 3.26 g/t gold from 10m (Condor);

–    3m at 2.41 g/t gold from 43m (Crow); and

–    2m at 3.15 g/t gold from 18m (Crow).

The Golden Gate area consists of six deposits; Golden Gate (ABCD Reef), plus the five Golden Gate satellites deposits of Falcon, Condor, Crow, Harrier and G-Reef.

 

Golden Gate and Satellite Deposits Location Plan. Source: Company announcement

The RC drilling program was designed to infill, test along-strike extensions, and for parallel lodes to the mineralisation outside the current proposed pit designs at the Golden Gate deposits.

“Results have now been received for all the recent RC holes drilled at Condor and Crow,” Millennium Minerals said in its ASX announcement.

“Previously drilling at Golden Gate has been somewhat constrained by the relatively steep topography.

“However, the Company has committed to fully testing the area to realise its’ potential, and has planned an additional 6,000 metres RC drilling.

“The Golden Gate area is highly significant to the Nullagine project. Although the deposits are relatively small, they contain the highest grades in the whole project.

“Due to their high grades, the deposits at the Golden Gate area are expected to impact very strongly on anticipated project cash flow once construction of the 1.5 million tonnes processing facility is completed at Golden Eagle in 2012.”