Vector Resources records big gold intercepts

THE DRILL SERGEANT: Vector Resources has received some fairly impressive assay results from a round of high-priority drilling of the Phase 3 reverse circulation (RC) program being conducted at the company’s Gwendolyn East project in Western Australia.

 

Plan view of collar locations of holes with significant gold intercepts. Source: Company announcement

A review of hole G140 carried out by Aurum Laboratories returned a single metre result of 1,212 grams per tonne gold with a repeat sample of 1,165 grams per tonne gold within a significant intercept of 5 metres at 253.33 grams per tonne gold.

Vector then sent a number of additional single samples to the laboratory of SGS Kalgoorlie, which achieved results of 1,475g/t for the same metre intercept.

Just to be sure the company had the material reviewed by consulting mineralogists Roger Townend and Associates, which conducted a mineralogical examination of one drill sample (G140, 25 to 26m) as well as an analytical lab pulped split equivalent for gold.

Vector said the Towner report identified gold mineralisation where the sample was screened into three fractions, of minus-500 millimetres, plus-500mm and plus-2mm.

Polished sections were made of each fraction and these examined with particular reference to gold. Gold was detected in all samples.

“The latest results from Gwendolyn continue to justify our faith in this resource,” Vector Resources chairman Damien O’Reilly said in the company’s announcement to the Australian Securities Exchange.

“The naturally rich endowment of the Gwendolyn prospect notwithstanding, and increasingly apparent: it is a credit to our executive management, geologists and drilling crews upon whose efforts, experience and instincts we rely so much upon.”

Vector said it considers Gwendolyn has the potential to increase the current resource, with encouraging fundamentals including:

–    High grade intercepts identified outside current mineralisation envelope;

–    Mineralisation remains open in all directions;

–    Extensional exploration will continue to push existing ore boundaries as a priority; and

–    Infill drilling of the unclassified material is ongoing.