THE DRILL SERGEANT: Cygnus Gold (ASX:CY5) announced a high-grade gold intersection at the company’s Stanley project in the Wheatbelt of Western Australia.
Cygnus Gold conducted drilling at the Kepler Zone on the Stanley project that encountered a high-grade gold intersection 220 metres along strike from previous high-grade results.
Cygnus explained it had identified the Kepler Zone after reviewing drilling surrounding the high-grade Bottleneck prospect.
Drilling of hole STRC0020 extended mineralisation 220m northwest of previous drillhole STRC0002 that intersected high-grade mineralisation of: 6m at 1.95g/t gold from 81m, including 2m at 5.49g/t gold from 81m.
Mineralisation at Kepler is controlled by a geochemically distinctive metadacitic rock unit only lightly tested by deeper drilling.
In addition to the Kepler Zone, Cygnus also tested the widespread, low-grade mineralisation at McDougall South with six RC holes that intersected more low-grade gold.
“We’re excited that the conceptual target at Kepler has now extended mineralisation 220 metres along strike from STRC0002,” Cygnus Gold managing director James Merrillees said in the company’s announcement to the Australian Securities Exchange.
“The intersection in STRC0020 confirmed our interpretation that this mineralised system has potential to deliver high gold grades.
“With this zone only lightly drill tested, we believe there is plenty of scope to deliver a meaningful discovery at Kepler.”