Exterra encouraged by continued success at Second Fortune
THE DRILL SERGEANT: Exterra Resources has received further high-grade assay results from the third and fourth holes of an eight hole program of diamond drilling the company is conducting at the Second Fortune mine, situated within its Linden gold project in Western Australia.
All of the first four holes completed contained visible gold, and the company claims the results confirm the continuity of the high-grade Second Fortune main lode system at depth below the current resource.
New results received for the main lode include:
– 0.3 metres at 65.10 grams per tonne gold; and
– 0.4m at 25.40g/t gold.
The program consists of eight diamond drill holes totalling approximately 2,600m of HQ/NQ coring and is expected to be completed during May 2012.
Second Fortune long section. Source: Company announcement
Exterra is carrying out the drilling of the high-grade Second Fortune main lode in order to test the continuity of the system below and along strike of the deepest drilling completed to date at approximately 250 vertical metres.
The program has been designed to test the lode system to 300 vertical metres and, subject to results, the company said it expect it will provide a basis for upgrading the current Resource and commencement of a Feasibility Study into developing the Second Fortune underground mine.
“The results received so far confirm the robust high grade continuity of the Second Fortune vein system,” Exterra Resources said in its ASX announcement.
“The full program of eight diamond drill holes is expected to form the basis for an upgrade of the current Resource at depth, subject to further positive results.”