Goldphyre Resources samples high-grades at Laverton Downs

THE DRILL SERGEANT: Goldphyre Resources (ASX: GPH) is feeling encouraged after receiving one metre sample gold results from a recently completed RAB drilling program at the company’s 100 per cent-owned Laverton Downs project, north of Laverton in Western Australia.

Goldphyre said the drilling was undertaken to target historic drill-hole gold anomalies, recent elevated basemetal geochemistry values and a prospective north trending structure.

 

Laverton Downs project with one metre sample results and planned drill area Source: Company announcement

 

The results are from one metre sampling of recent composite gold intervals from a reconnaissance drilling program carried out in November 2013.

Highlights of the sampling included:

3 metres at 10.17 grams per tonne gold from 23 metres, including 1 metres at 27.2 grams per tonne gold from 23 metres; (LDRB025)

2m at 1.19g/t gold from 34m; (LDRB034)

4m at 0.89g/t gold from 27m; and (LDRB030)

1m at 1.16g/t gold from 23m. (LDRB024)

“The one metre results from the first pass drilling boosts the gold prospectivity at Laverton Downs,” Goldphyre Resources technical director Brenton Siggs said in the company’s announcement to the Australian Securities Exchange.

“The shallow, high-grade gold intercept in LDRB025 is open at depth and along trend to the north for over 600 metres.

“The followup drill testing along this corridor is a high priority and a great start for Goldphyre in 2014 as we focus on our exciting exploration opportunities at our Lake Wells and Laverton Downs projects.”

Goldphyre said it has a 38 hole program of RAB drilling planned to commence at the Laverton Downs project in the coming weeks.

Email: info@goldphyre.com.au

Website: www.goldphyre.com.au