Aphrodite hits 168.66 grams per tonne gold

THE DRILL SERGEANT: Aphrodite Gold has received the highest gold result so far from its drilling programs being conducted on the company’s Aphrodite gold project near Kalgoorlie in Western Australia.

The Aphrodite has received results from a further eight Reverse Circulation (RC) holes drilled on the Alpha Lode, one of two principal lodes which host the current JORC resource for the Aphrodite Gold deposit.

 

Drill hole locations. Source: Company announcement

 

The current JORC Resource for the Aphrodite gold project consists of 7.31 million tonnes at 2.75 grams per tonne gold for 645,000 ounces (Indicated) and 2.87 million tonnes at 4.30 grams per tonne gold for 395,000 ounces (Inferred) for a total of 10.18 million tonnes at 3.18 grams per tonne gold for 1,040,000 ounces.

Aphrodite said all of the recently completed holes reported multiple zones of gold mineralisation with a peak gold value of 168.66 grams per tonne gold over a one metre interval.

Gold intersections include:

–    7 metres at 24.92 grams per tonne gold from 150 metres, including 1 metre at 168.66 grams per tonne gold;

–    3m at 8.33g/t gold from 64m;

–    13m at 2.83g/t gold from 78m and 11m at 2.22g/t gold from 113m and 14m at 1.74g/t gold from 152m;

–    19m at 2.30g/t gold from 170m and 6m at 1.84g/t gold from 126m and 6m at 1.64g/t gold from 80m; and

–    4m at 4.35g/t gold from 81m, including 1m at 13.04g/t gold.

“There are some excellent intersections which demonstrate the potential for delineating high-grade areas within the planned open pit,” Aphrodite Gold exploration and development director Leon Reisgys said in the company’s announcement to the Australian Securities Exchange.

“Further drilling is planned around these zones.”

The latest program on the Alpha Lode has been resource definition / infill drilling to a maximum vertical depth of around 200 metres with the positioning of the holes largely constrained by the Scoping Study modelled open pit the company announced in February.