Aphrodite Gold beefs up Phi

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THE DRILL SERGEANT: Kalgoorlie-focused gold play Aphrodite Gold has confirmed a major extension to the Phi gold zone at its flagship Aphrodite Gold Project near Kalgoorlie Western Australia.

The Phi gold zone, together with the Alpha zone, hosts the existing Aphrodite gold resource containing 1.03 million ounces.

Results from the recent RC drilling program, combined with results from previous drilling by Aphrodite Gold and Goldfields has confirmed significant gold mineralisation along the structure hosting the Phi lode for at least a further 600 metres north of the current resource area (the Phi Lode North Extension).

This has now established the total length of the Phi lode mineralised corridor to be at least 1,000 metres with the zone still open along strike.

Geochemical sampling has given Aphrodite confidence this zone has a possible total strike extent of 1,800 metres.

“Drill results along this extension confirm that the gold mineralisation system at Aphrodite is larger than previously envisaged,” Aphrodite Gold exploration and development director Leon Reisgys said in the companyannouncement.

“With these positive results being so close to the existing resource area already containing over a million ounces of gold, the company is very encouraged by the results.”

Aphrodite said closer spaced drilling will be necessary for it to determine the full potential of this Phi lode extension, particularly to identify sections of the mineralised zone having potential for gold resources, before any resource estimation can be carried out.

The recent drilling along Phi Lode North Extension consisted of six holes totalling 961 metres. Gold intersections included;

– 4m at 3.74 grams per tonne (141-145m) incl. 1m at 13.47g/t (141-142m);
– 8m at 1.79g/t (179-187m) incl. 1m at 9.43g/t and 10m at 1.17g/t (64-74m); and
– 2m at 1.62g/t (91-93m) and 1m at 3.88g/t (69-70m).

The latest results from the Phi Lode North Extension zone form part of a major RC drilling program of around 30,000m, which Mutiny Gold commenced in March.

The company said that although this current program is aimed at defining the limits of the Aphrodite deposit and increasing the classification of the resource to a vertical depth of around 200 metres, some of the drilling will also be devoted to testing potential extensions to the Phi and Alpha lodes and other gold targets close to the current resource area.

Approximately 9,000 metres of RC drilling has been completed this year at the Aphrodite project.