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The company reported assays results for the program’s first six holes on Aug. 17. The highlight was drill hole 2020-006, which intersected 3 metres grading 13.25 grams gold starting from 69 metres downhole, including 1 metre grading 36.20 grams gold.
“It’s an excellent start and we’re pleased with the initial drill results,” Klenman said. “It’s always exciting to see visible gold in core samples, and the further we get into the drill program, the more interesting the assays become.”
Holes 2020-005 and 2020-006 were drilled from the same location, and both successfully intersected the same blue-grey vein, he said.
Hole 2020-005 intersected 1 metre grading 3.42 grams gold from 46 metres downhole, including a higher-grade core of 1 metre grading 5.27 grams gold.
All six holes from the initial phase one program returned elevated gold assays with the last three holes, 2020-004, 2020-05, and 2020-06, reporting visible gold mineralization, Klenman noted.
“So far, we’ve only received around results 700 metres of the 2,000 metres program,” he said. “We’re keen to find out what the other seven holes will return, the assays from which we expect to receive in the next week or so.”
Based on the results from the first six drill holes, the company now plans a followup program by year-end to identify additional targets, and hopes to complete an additional 2,000 metres to 4,000 metres of drilling."