Pioneer Hits High Grade Gold at Juglah Dome

THE DRILL SERGEANT: Pioneer Resources has announced that the recent rotary air blast (RAB) drilling program at its 100 per cent-held Juglah Dome Gold Project has successfully identified two new prospects for further drilling: Moonbaker  and John West.

Work earlier this year at the Juglah Dome Gold project included a 4,500 sample soil geochemistry program, resulting in the identification of Moonbaker and John West as priority targets.

During June 2012, Pioneer drill tested the targets and three other anomalies with 149 RAB drill holes (3,197 metres).

Moonbaker results included 3 metres at 18.0 grams per tonne gold from 9 metres, within a broader intercept of 12 metres at 5.4 grams per tonne gold.

This hole was drilled to a depth of 21metres with the last assay being 3 metres at 2.2 grams per tonne gold.

At John West, the combination of geochemistry and mineralised drill holes has defined a target with a strike length of 900m.

Previously, gold nuggets and gold-bearing quartz veins had been located at the John West prospect.

“Intersecting 3 metres at 18 grams per tonne gold close to surface is an exceptional outcome, but all results above 0.5 grams per tonne gold are very significant from this type of work,” said Pioneer’s managing director, David Crook in the company’s announcement to the Australian Securities Exchange.

More RAB drilling will be undertaken in the current quarter to outline the full extent of the anomalies.

“At that point we can plan a more targeted and systematic reverse circulation (RC) drilling program with a view to defining a commercial gold deposit,” added Crook.

The Juglah Dome Gold Project is located 58 kilometres southeast of Kalgoorlie, Western Aaustralia and some 5 kilometres southeast of the Majestic Gold deposit, owned by Integra Mining.

The project is also 25 kilometres east of Pioneer’s Golden Ridge Gold and Nickel Project.