Rubianna records high-grade gold at Bloodstone

THE DRILL SERGEANT: Perth-based gold and base metal exploration company Rubianna Resources has announced that results from the company’s ‘Phase Two’ drilling program at its Bloodstone project have returned multiple high-grade gold intercepts of up to 108 grams per tonne. By Mark Jones.

The Bloodstone project is within Rubianna’s 100 per cent-owned Murchison tenements located in the highly prospective Peak Hill mining district of Western Australia.

The Murchison project comprises 17 granted tenements covering approximately 1,400 square kilometres.

Project location. Source: Company announcement

Previous drilling by Rubianna at Bloodstone returned gold results of up to 8 metres at 28 grams per tonne and 4 metres at 16 grams per tonne.

Best drilling results included:

5 metres at 21.8 grams per tonne gold, including 1 metre at108.0 grams per tonne gold;

4m at10.9 g/t gold, including 1mat 43.0 g/t gold;

5m at 4.2 g/t gold, including 1mat 19.1 g/t gold;

12m at 2.3 g/t gold, including 1mat 15.4 g/t gold; and

 1m at19.3 g/t gold.

The ‘Phase two’ Bloodstone drill program consisted of thirteen holes for a total of 1096 metres of RC drilling with the objective of defining further mineralisation in the western and down-dip extensions of the Bloodstone prospect.

Multiple high-grade intersections (>1g/t gold) have been returned that appear to define at least one and possibly two, NW-trending, high-grade shoots within a broader low-grade (0.1 to 1 g/t gold) halo. Importantly, the system remains open to the west.

 “The confirmation of the high-grade gold shoot and improved definition of the strike and dip extent within the Bloodstone prospect matched our pre-drill expectations and will significantly improve our future targeting. The next drill programme will test the continuity of the shoot to the west and look for repetitions of the shoot at depth,”
Rubianna Resources general manager Steve Batty in the company’s announcement to the Australian Securities Exchange said.

The company is planning to undertake the next phase of exploration work at Bloodstone during the second quarter of 2012.