Discovery of New Sources of Oxides at Selinsing The RC drilling program commenced in early December 2020 consisting of 1,128m over 19 holes at Pits 4, 5, and 6 was completed in the third quarter of 2021.
The program's main objective was to delineate resource extensions that could be mined as immediate feed to the current CIL plant. The main drilling target was the shallow dipping structure extension close to the east flank of the pits. The overall drilling meters were reduced from 1,570m to 1,128m due to the drill site's inaccessibility in parts of the Pits 4 and 5. A total of 1,335 samples were collected.
Significant high grade drilling interception from the program were as follows:
MSMRC 167; 1m @ 14.20 g/t Au from 26m;
MSMRC 179; 3m at 21.48g/t Au from 72m include 1m at 60.71g/t;
and MSMRC 179; 17m at 2.10 g/t Au from 5m.
Note also that since this, they have dewatered pit 4.
At these high grades, it does not take a lot of oxide ore to add 10,000 ounces or so to Selinsing production profile.
Such an amount, along with continued low grade ore from Peranghi stripping , could provide a significant boost in Selinsing production to the 4000- 5000 ounces per quarter level.
That amount should keep our balance sheet in good order until the Floatation plant boosts production to the 10,000 ounces per quarter in Q3 of 2022