TSX:SUE.WT - Post Discussion
Post by
play_n_lay on Jul 21, 2011 8:51am
News Released
Big News- There is a lot more gold below current drill depths as identified!! Improving grades of reserve.
https://www.marketwire.com/press-release/sulliden-announces-further-positive-drill-results-intersects-117-g-t-gold-over-1046-tsx-sue-1540673.htm
Sulliden Announces Further Positive Drill Results-Intersects 1.17 g/t Gold Over 104.6 Metres and Deepens Oxides by 50 Metres in the East Zone
TORONTO, ONTARIO--(Marketwire - July 21, 2011) - Sulliden Gold Corporation Ltd. ("Sulliden", or the "Company") (TSX:SUE)(OTCQX:SDDDF) is pleased to announce results for seven new drill holes from the ongoing 70,000 metre drilling program being carried out this year on its 100% owned Shahuindo Gold and Silver Project in northern Peru. Significant new gold intercepts are highlighted below and complete results are reported in Table 1.
Highlights include:
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Hole SH11-205 in the East Zone |
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1.17 g/t Gold over 104.6 meters, including 4.47 g/t Gold over 5.1 metres and 3.15 g/t Gold over 14.9 metres |
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Hole SH11-204 in the East Zone |
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1.20 g/t Gold over 52.5 meters, including 2.09 g/t Gold over 23.7 metres |
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Hole SHV11-209 in the Central Zone |
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1.55 g/t Gold over 34.5 metres including 2.59 g/t Gold over 16.0 metres |
Stéphane Amireault, Vice-President of Exploration for Sulliden, commented, "Our exploration program is progressing well as we continue to more clearly define the mineralized structure and trends of the deposit. The drilling we have conducted since the cut-off of the last mineral resource estimate has demonstrated a steady addition of new mineralized volume and has also allowed us to better define the higher-grade portions of the deposit. Some recent drill holes are also assisting us with the definition of a more accurate oxide-sulphide contact zone, for example hole SH11-205 in Figure 2 which shows us that the oxides continue approximately 50 vertical metres deeper than the previous interpretation. This new information will add oxide material in the eventual pit volume and positively affect our future mining scenario."
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