Azimuth extends Smarts

THE DRILL SERGEANT: South America-focused Azimuth Resources has received more results from drilling at its 100% owned Smarts prospect located within the company’s West Omai gold project in Guyana.

Assay results of the first two deeper resource holes have been received with both reporting healthy intersections and demonstrating continuity with mineralisation intersected immediately up dip and along strike.

The first of these holes intersected 27 metres at 5.1 grams per tonne gold from 73 metres approximately 30 metres down dip of a 30 metre wide zone of quartz veining and sulphides.

The second intersected 1m at 14.8g/t gold from 82m, 2m at 30.7g/t gold from 120m and 9m at 6.92g/t gold from 131 metres.

Azimuth said in its ASX announcement that additional scout drilling assay results have extended mineralisation at the Smarts prospect to a strike length of 3,800m with mineralisation remaining open at both ends along strike and at depth.
 
Scout drilling results from the main Smart’s zone include:

– 3m+ @ 4.5 g/t Au from 86 metres with hole ending in mineralisation;

– 2m @ 41.8 g/t Au from 26m;

– 20m @ 3.2 g/t Au from 43m; and

– 21m @ 6.1 g/t Au from 48m.

So far Azimuth has completed 355 reverse circulation and 12 air-core scout drill holes at Smarts for a total of 24,582m.

The company has suspended scout drilling and instead has three drill rigs focused on resource drilling at Smarts.

One rig is currently configured for diamond drilling with the purpose of re-entering holes that ended in mineralisation while the other two rigs are in RC configuration.

“It is expected that the original 3,500 metre resource drilling program planned for Smarts will now be significantly expanded in light of the excellent scout drilling results reported today,” Azimuth Resources said.

“Due to the further extension of mineralisation delineated at Smarts the company has decided to postpone its maiden resource until December 2011 in order to include a larger portion of the Smarts mineralisation.”