Ark combs over Bald Hills

THE DRILL SERGEANT: Recent drilling carried out by Ark Mines has provided the New South Wales-focused polymetallic exploration play with encouragement.

The drilling was undertaken on the company’s 100% owned Mt. Dijou project at Bald Hills and has returned gold intercepts at shallow depths.

The 500 metre Reverse Circulation program was designed to test shallow mineralisation around the Mt. Dijou mine.

The Dijou mine historically produced high-grade gold from an underground mining operation with two drives at 12m and 25m from surface.

Ark has received assay results for two of the five completed drill holes from this RC drilling program.

The results so far include:

– Three metres at 1.39 grams per tonne gold from 58 metres to 61 metres with one metre at 2.19 grams per tonne gold; and

– 14.6 grams per tonne gold rock chip sample from Mt. Dijou’s historical workings.

“These first pass results are encouraging, and they give us a clear direction for future drilling,” Ark Mines managing director Roger Jackson said in the company’s release to the Australian Securities Exchange.

“Along with our earlier results at Perseverance, which is seven kilometres from Mt. Dijou, the area is shaping up as a highly prospective region for Ark and we will continue to explore aggressively.

“We believe there is certainly scope for more significant results along strike and down dip at Mt. Dijou.”

According to Ark Mines, Mt. Dijou is an ancient island arc volcanic centre with basalts interbedded with chert and Banded Iron Formations containing anomalous gold values.

“Ark’s is maintaining a very active exploration program and will continue to do so for the remainder of this year,” Jackson continued.

“RC drilling is ongoing at the Babinda Copper Mine, and our diamond drilling program to test the gravity high at Bills Retirement is well underway.

“We expect to report the balance of our results from the Mt. Dijou program in the coming weeks.”