Mutiny hits gold intersections up to 57.1g/t gold at Deflector

THE DRILL SERGEANT: Gold-copper resources company Mutiny Gold has received a swathe of high-grade gold intersections from drilling being conducted at both the West and Central Lodes of the company’s Deflector gold deposit in Western Australia.
 
Mutiny had designed the 15,000 metre program to target strike extensions in the Northern zone of the Deflector deposit and at depth and along strike at the Central and Contact lodes.

The program was also designed to provide further infill drilling to improve the quality of the Mineral Resources, both for the current feasibility studies the company currently has underway and for future expansion phases.

The company said the results have extended mineralisation at depth and along strike and will be incorporated into the revised resource estimation, which it has scheduled to be released in the third quarter 2012.

Mutiny also said it considers the results have strengthened its confidence in the overall prospectivity of the Blue Beard corridor, in which the Deflector deposit is hosted, showing the potential for high grade, wide zones of mineralisation.

“The consistent discovery of high-grade gold and copper mineralisation through drilling continues to increase our confidence in the robust nature of the Deflector deposit,” Mutiny Gold managing director John Greeve, said in the company’s announcement to the Australian Securities Exchange.

“We look forward to releasing a new resource model and hence a new Life of Mine production profile in the near term.

“There is excitement in the team about the strength of mineralisation in this orebody and the widths that we are intersecting at depth as well.

The distribution of the gold ounces-plus results across the entire length of Deflector shows that we really have one of the best undeveloped orebodies in Australia.”

Results include:

– 2 metres at 57.1 grams per tonne gold and 0.2 per cent copper from 92 metres;

– 5m at 41.8g/t gold and 0.3 per cent copper from 218m;

– 4m at 30.7g/t gold and 0.9 per cent copper from 146m; and

– 5m at 23.9g/t gold and 0.5 per cent copper from 162m.

 

Source: Company announcement

 

Mutiny Gold said the repetition of mineralised intersections in some of the holes it has drilled had delineated a number of parallel lodes present at depth within the deposit.

The intersection of wide zones of mineralisation in the pre-collar of one of the holes (3m at 12.5g/t gold and 4.3 per cent copper from 186m and 2m at 11.2g/t gold and 0.0 per cent copper from 106m) at shallow depths is adding tonnes to the open pit and widening the overall optimised shell.

According to the company this will provide flexibility in the mining sequence and add substantial tonnes per vertical metre to the deposit.