Global Metals reveals more gold anomalies at Jutson Rocks

THE DRILL SERGEANT: Global Metals Exploration has released assay from a third phase of a geochemical auger sampling program it conducted during April and May 2012 on tenements situated within the company’s Jutson Rocks project in the Eastern Goldfields district of Western Australia.

 

Location map of the Jutson Rocks project in Western Australia. Source: Company announcement

Global Metals described the results as being “highly encouraging” as they have revealed further anomalous gold results, ranging from greater than 10 parts per billion gold, which the company considers anomalous, up to 1,605 parts per billion, which it unsurprisingly considers to be “very highly anomalous”

“These results provide the company a great degree of confidence, as they confirm that the exploration model used to date has been a success and provides great encouragement for Global Metals to move ahead with follow-up drill testing, expected to be approximately 10,000m of air core in the second half of this calendar year,” Global Metals said in its ASX announcement.

Auger geochemical drilling programs Global Metals has completed to date have been located along the structural corridor south of an anomalous RAB drill hole intercept of 4 metres at 3.5 grams per tonne gold from 32 metres to 36 metres the company announced in April.

Global Metals said it has interpreted the orientation of the most sizeable anomalies to be controlled and contained by bedrock structural and lithological contact trends.

“Three anomalous areas of most significance in terms of their size indicate the potential for broad gold anomalism to occur in the underlying bedrock,” the company explained.

“Throughout the following months, a second phase follow-up program of exploratory RAB or air core drilling, will be initially planned to test the underlying bedrock regolith to blade-refusal depth for anomalous gold mineralisation, within the boundaries of the more significant areas of pedogenic gold geochemistry.”

The company indicated it would most likely undertake some infill sampling as preparatory work for the air core drilling.

Global Metals said the recent exploration program at Jutson Rocks had provided it with a number of strong and extensive gold anomalies located in prospective geological settings.

The gold anomalies provide a number of excellent drill targets it will test over the next two months.