Aphrodite confirms gold at North Menelaus

THE DRILL SERGEANT: Perth-based gold exploration play Aphrodite Gold has scored some encouraging results from a maiden reverse circulation drilling program recently completed over the company’s North Menelaus gold prospect.

North Menelaus is located four kilometres north of the company’s Aphrodite gold deposit near Kalgoorlie in Western Australia.

The company has recently concluded an initial five hole (874 metres) RC drill program to explore the North Menelaus zone over a strike length of 180 metres and to a maximum vertical depth of 180 metres.

Drilling was completed along three lines spaced 80m apart and in a zone where gold mineralisation had been reported in historic drill holes.

Historic gold intercepts achieved at North Menelaus include: 23m at 3.20 grams per tonne gold from 83m; 5m at 4.73g/t gold from 161m; and 2m at 5.48g/t gold from 122m.

All five holes drilled during the recently carried out program intersected significant gold mineralisation (greater than 0.5 g/t) with intercepts up to 15 metres in length (down hole).

Gold intercepts from the recently completed program include:

– 2 metres at 7.05 grams per tonne gold from 102 metres to 104 metres;

– 4m at 3.60g/t gold from 84m to 88m; and

– 15m at 1.33g/t gold from 122m to 137m.

“These results are very encouraging and confirm that our Aphrodite gold project has the potential to grow into a significant gold camp,” Aphrodite Gold exploration and development director Leon Reisgys said in the company’s announcement to the Australian Securities Exchange.”
Although North Menelaus is still in early stages of exploration activity Aphrodite said it could still be interpreted as possibly representing an offset of the same zone/structure which hosts the Chameleon gold prospect located 500m to the south south east.

Recent drilling carried out by Aphrodite Gold at Chameleon has already identified gold mineralisation over a strike length of 600m.
The North Menelaus prospect is one of a number of gold targets which the company has identified within the Aphrodite project.

Aphrodite said it plans to undertake further drill testing of North Menelaus before the end of 2011.