Prodigy Gold Gleans High-Grade Intercepts from Historical Golden Hind Diamond Core
THE DRILL SERGANT: Prodigy Gold (ASX: PRX) produced new numbers from sampling of previously un-sampled historical diamond core on the company’s Golden Hind project in the Northern Territory.
Golden Hind forms part of the Old Pirate Mineral Resource Estimate that was last updated in August, 2016.
Prodigy Gold received results for two previously un-sampled historical diamond core drill holes at Golden Hind.
Both holes intersected mineralisation that has subsequently been mined out, however, the company said each hole had provided important new information, from which it expects to better predict possible mineralisation extensions and generate new drill targets.
Intercepts for the previously un-sampled holes include:
GHDD100001
22.5 metres at 25.2 grams per tonne gold from 11m, including 16.5m at 34g/t gold from 14m, including 0.9m at 347g/t gold from 19.1m; and
GHDD100002
21m at 0.8g/t gold from 3m, including 8m at 1.4g/t gold from 16m.
“The company is advancing its understanding on the previously reported 10,000 tonnes at 3.8 grams per tonne gold Golden Hind Mineral Resource (ASX: 19 Aug 2016),” Prodigy Gold exploration manager Edward Keys said in the company’s ASX announcement.
“The recently completed sampling program analysed core from two historically drilled diamond core holes to assist with possible future modelling and drill targeting in the area.
“This is a material result due to the low number of holes in this part of the deposit.
“The two holes were drilled in 2012 prior to the area having been mined out in 2013-2016.
“The 2012 drilling, with results presented herewith, include 105.3 metres of previously un-sampled drill core with significant mineralisation (>0.5g/t Au) returned over 47.6 metres, or greater than 45 per cent of the total metres assayed.
“Mineralisation occurs over sheared zones in the oxidised zone including multiple steeply dipping veins.
“The additional results broadly support the historically mined resource with mineralisation intersected where predicted and previously reported in historical RC drilling.
“The diamond drilling intersected high grade mineralisation in oxidised rock with visible gold in veining.
“The result of 22.5 metres at 25.2 gras per tonne gold from 11 metres in GHDD100001 is an example of the high-grades that occur within the previously mined Golden Hind Mineral Resource.
“The re-evaluated historical drill core will allow the geologists to better assist with an explanatory or predictive model to target possible extensions to mineralisation in future drilling campaigns.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: admin@prodigygold.com.au