Convergent confirms gold at Blue Vein

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THE DRILL SERGEANT: Convergent Minerals has received initial results from drilling carried out beneath the Blue Vein gold mine at the Bounty Goldfield in Western Australia.

Highlights from the drilling included:

–    5 metres at 16.07 grams per tonne gold from 166 metres from within a broader zone of 19 metres at 5.63 grams per tonne gold;

–    5m at 4.20g/t gold from 268m; and

–    4m at 10.27g/t gold from 270m from within a broader envelope of 7m at 7.81g/t gold.

“The company is delighted with the progress of the drilling program and the results achieved to date,” Convergent Minerals chief executive officer David Price said in the company’s announcement to the Australian Securities Exchange.

“Results of this strength confirm high grade gold continues at depth and the company is increasingly confident that deeper drilling will result in additional gold being identified at depth.”

One of the holes drilled at the southern end of the Blue Vein open cut mine (5m at 16.07g/t gold) returned higher grades than historical drill holes that were drilled closer to surface.

Convergent said this may suggest previous drilling may have under-estimated the amount of gold at Blue Vein.

Convergent drilled its deepest hole to date at Blue Vein, 80m deeper than any previous drill hole (4m at 10.27g/t gold).

This hole intersected massive sulphides, with some individual intervals containing up to 85 per cent sulphides, including pyrrhotite, pyrite and arsenopyrite.

The hole also intersected:

–    3m at 3.37g/t gold;

With individual metres returning:

–    6.85g/t gold and 4.06g/t gold from an overall zone of 9m grading 2.32g/t gold from the entire mineralized shear.

 

A Longitudinal projection of Blue Vein showing previous drilling
results (white boxes) and current drilling results (yellow boxes).

 

Convergent said these results demonstrate gold mineralisation continues at depth and helps the company in its task to confirm the continuity and orientation of the mineralising structures.

“The geological team is currently planning a deeper drilling program using a diamond drill rig,” Price added.

“The diamond drilling is designed to test the shear at Blue Vein to depths of 300 metres to 500 metres below surface.”

Convergent said it is building each result into its existing geological model to progress towards a re-estimation of the mineral resource at Blue Vein.