International Goldfields hits new gold in Brazil.

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THE DRILL SERGEANT: International Goldfields has received assay results from drilling conducted at the Ana Prospect located within the company’s 93 per cent-owned Latin gold project In Brazil.

The company has claimed the results have confirmed the discovery of a promising gold-copper discovery.

Highlights of the drilling results include:

– 21 metres at 5.9 grams per tonne gold from 45 metres, including 8 metres at 13.6 grams per tonne gold;

– 18m at 3.24g/t gold from 33m; and

– 6m at 5.18g/t gold from 36m.

Best copper intercepts include:

– 9m at 0.23 per cent copper from 51m;

– 9m at 0.24 per cent copper from 33m; and
 
– 6m 0.68 per cent copper from 36m.

The company said the assay results of 21m at 5.9g/t gold reinforces the potential for the tenor of the mineralisation at the Ana prospect as it is of teh opinion this combines with previously reported intercepts of 18m at 3.24g/t gold and 6m at 5.18g/t gold to confirm high-grade gold mineralisation along the newly drilled east-west trending vein zone.

“While International Goldfields is very excited about the high grade vein-gold intercepts at Ana, and will continue to target quartz veins to bring forth potential resources, the team is also excited about the results of the surface geochemistry that defines several targets for potential porphyry style mineralisation,” International Goldfields chief executive officer Travis Schwertfeger said in the company’s announcement to teh Australian Securities Exchange.

“Identifying large, bulk-mineable gold-copper targets has been the objective of the company since acquiring the project last year, and the recent work at Ana has defined the project’s best target to date.”

International Goldfields said it would be undertaking detailed mapping of the Ana prospect throughout the month of April as well as integrating datasets with surface geochemistry results to define drill targets.

The company will also have surface geochemistry crews carrying out soil sampling on other regional targets in the coming months.

An agreement is in place for 6,000m of RC drilling at the Latin gold project expected to commence in May.