Leviathan Gold Reports initial results of Diamond Drilling at the Excelsior Prospect at its Avoca Project
Canada NewsWire
VANCOUVER, BC, April 21, 2021
- 8.24 g/t Au over 6.63 meters from 161.95 meters, returned from hole EH003 drilled at the Excelsior Reef.
- Drilling in EH003 confirms the presence of high-grade gold mineralization across multiple sample intervals, demonstrating the strength and downward continuation of mineralization reported in historic mining records
- North-easterly plunging structure - potentially representing the strike continuation of mineralization - is projected, presently the subject of further drill-testing.
VANCOUVER, BC, April 21, 2021 /CNW/ - Leviathan Gold Ltd. ("Leviathan", the "Company") (TSXV: LVX) (Germany: 0GP) is pleased to announce that further to its press release of February 18, 2021 in respect to the launch of drilling at the Avoca project ("Avoca") in the Victorian goldfields, Australia, that results have been received for the initial three holes of this program.
The most prominent interval among results to date is 8.24 g/t Au over 6.63 meters from 161.95 meters, including 11.54 g/t over 1.83 meters and 82.1 g/t over 0.28 meters returned from hole EH003 drilled at the Excelsior Reef. This interval is believed to represent the down-dip continuation of mineralization observed in historic mine workings, and is characterized by intense quartz veining, visible gold, and enveloping sericitic alteration and base metal sulphides. On the basis of structural data gathered from EH003, as well as from other drill holes at Excelsior, a north-easterly plunging fabric - potentially representing the strike continuation of mineralization - is projected. This feature is presently the subject of further drill-testing. Additional drilling will also be required to determine the true thickness of mineralization.
Leviathan Gold Chief Executive Officer, Luke Norman, remarked: "We are very pleased that initial drilling at the Excelsior Reef has confirmed the presence of high-grade gold mineralization across multiple sample intervals, thereby demonstrating the strength and downward continuation of mineralization reported in historic mining records for this prospect, consistent with our initial targeting model. Structural information yielded by Leviathan's work suggests the further continuation of mineralization to the north-east of the historic Excelsior mine workings, a ready target that is now the subject of drill-testing."
A total of 1,876 meters in 11 holes have been drilled at Excelsior to date. Highlights of results to date are provided in Table 1, collar information in Table 2, and full results in Table 3. Photographs of mineralization in EH003 are shown in Figure 1, a plan of drilling in Figure 2, and a section through Excelsior in Figure 3. The balance of results is awaited and will be reported on in due course. Drilling at Excelsior forms part of a greater program of approximately 30,000 meters that Leviathan is currently deploying at Avoca and Timor.