Vector intercepts high-grade gold

THE DRILL SERGEANT: Vector Resources has received the first batch of assay results from a high priority drilling campaign being undertaken as part of the Phase 1 RC program at the company’s Mt Dimer project in Western Australia.

Priority holes of the Phase 1 drilling have targeted near mine locations of Lightning, Anomaly 2, Silver Wing and Golden Slipper South.

Mt Dimer tenements cover more than 2,029 hectares and the project currently hosts a JORC compliant measured, indicated and inferred resource of 377,200 tonnes at 5.8 grams per tonne gold for 70,230 ounces of contained gold.

The results of the drilling program received to date have identified substantial mineralisation at depth and along the strike of Lightning, while the drilling at Anomaly 2 has identified a significant intercept that will require further delineation for resource construction,” Vector Resources said in its announcement to the ASX.

“It is anticipated that these results will increase the current resource.”

Of the priority one targets already drilled, 16 holes totalling 1,418 metres of sample results are still pending for Silver Wing and Golden Slipper South.

Lightning was discovered during the sterilisation drilling for the Golden Slipper waste dump.

Vector said the drilling at Lightning has demonstrated mineralisation continues at depth and along strike.

Intercepts of note achieved during the drilling include:

–    6 metres at 24.81 grams per tonne gold inclusive of:-

–    1m at 136g/t gold, 4m at 20.98g/t gold, 7m at 13.07g/t gold, 10m at 14.39g/t gold, 9m at 10.18g/t gold, 7m at 5.28g/t gold, 18m at 2.86g/t gold, and 6m at 3.99g/t gold.

Anomaly 2 contains several zones of mineralisation and lies approximately one kilometre to the east of Lightning.

Vector said the current drilling had enhanced its understanding of the geology and mineralisation of the Anomaly 2 prospect;

Significant intercepts received from Anomaly 2 include:

–    4 metres at 21.71 grams per tonne gold from 50 metres inclusive of:-

–    1m at 11.85g/t from 50m, 1m at 28.90g/t from 51m, 1m at 19.40g/t from 52m, and 1m at 26.70g/t from 53m.