Monteray due to commence drilling Triple 3 project

THE DRILL SERGEANT: Monteray Mining Group (ASX: MRY) has received Program of Works approval to commence an RC drilling program on the company’s Triple 3 project located near Kalgoorlie in Western Australia.

The objective of the 13 hole campaign is to follow up a previous discovery hole drilled in 2004 of 6 metres at 12.75 grams per tonne gold from 40 metres, including 1 metre at 20.5 grams per tonne gold at the bottom of the hole (46m).

“Recent exploration success targeting granite-hosted deposits by others in the region has supported the company’s decision to follow up this high-grade discovery by previous explorers,” Monteray Mining Group director John Hannaford said in the company’s announcement to the Australian Securities Exchange.

“Drilling should commence within two to three weeks and be completed by the end of November.

“Any successful delineation of a potential resource in this area will be able to take full advantage of regional project development and production activity and infrastructure.”

The Triple 3 prospect is located within the Archaean Norseman – Wiluna Greenstone belt, which is also host to the Kalgoorlie and Kambalda deposits.

 

Triple 3 prospect location in relation to other tenement holdings in the east goldfields region. Source: Company announcement

 

Nearby operating mines include the Mount Monger project, which includes the Daisy Milano mine operated by Silver Lake Resources (ASX: SLR) as well as the Randalls project, which is currently operated by Integra Mining (ASX: IGR).

Monteray explained that the Triple 3 prospect has undergone previous exploration conducted by Aurion Gold and Placer Dome Asia Pacific from 2001 to 2003 as part of the Greater Monger project.

This activity consisted of drilling 110 RAB holes and 2 Diamond holes on the tenement.

Best RAB results achieved at the time included:

On line 220mN

–     4m at 4.33 grams per tonne gold from 32m; and

–    6m at 12.75g/t gold from 40m, including 1m at 20.5 g/t gold (at BOH 46m)

On Line 180mN

–    4m at 4.6g/t gold from 32m.