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PANAMA PROSPECT DRILL HOLE DISCOVERS NEAR-SURFACE QUARTZ VEINS TO 9.1 g/t GOLD +36 g/t SILVER TasGold is pleased to announce that the second hole drilled under historic gold workings at the Panama Prospect–‘Lisle/Golconda’ goldfield, in easily accessible NE Tasmania, continues to tantalise with intersections of gold mineralisation across strike from those previously known and targeted. Diamond drill hole PVD 002 discovered previously unknown, stacked, near-surface, narrow gold bearing quartz veins near /in a granodiorite /hornfelsed sediments lithologic contact zone and returned 9.16g/t gold plus 35.8 g/t silver over 0.5m (from 61m downhole), 2.19g/t gold plus 16.5 g/t silver over 0.5m (from 97.25m downhole) and 1.77g/t gold over 0.6m (from 99.5m downhole). Hole PVD 002 targeted ~40m down dip from parallel drill hole PVD 001, which was completed in late- 2004, beneath the ‘Wilson-Symonds’ workings and returned 21.9g/t gold over 0.8m (from 107.2m downhole) plus 20.2g/t gold over 0.5m (from 85m downhole). These are the only drill holes to have tested these workings and the vein intersections have documented good gold grades and the nature of gold mineralisation in the intrusive and the thermally altered sedimentary rocks. Additionally, they show that good potential exists at depth below PVD 002 and peripheral (along and across strike) to these recent intersections for similar quartz vein and/or stockwork/’disseminated’ gold mineralisation, such as at TasGold’s nearby Enterprise /Potoroo Prospects. The veining/mineralisation at Panama has some similarities to the Tasmania Reef/Beaconsfield Mine (owned by a competitor and located ~41 km to the west), which has total current + historic resources of >~2 million ounces of gold at ~27g/t in a narrow vein (width from 0.1 to 7m, averaging ~2.2m where mined) over a >1200m vertical extent (>1,400m actual down dip extent). A small, moderate to high grade gold resource could be defined by further drilling at the Panama Prospect (Wilson-Symonds) if high grade mineralization along the known 230o strike continuation of the host wrench fault structures is targeted. In addition, there is evidence for a relatively easily drill tested gold target in the base of the Panama Valley to the NE of Wilson Symonds that is sub-parallel to the known trend of the gold mineralisation, is located in a regional NE trending magnetic transition zone (figure 1) and an area that was never successfully tested for its mineralisation potential by the driving of adits because of access issues. Additional work to further evaluate Wilson Symonds and broader Panama Prospect area is being evaluated / planned. Die komplette News ist hier: http://stocknessmonster.com/news-item?S=TGD&E=ASX&N=170839 |
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| aus der Diskussion: | News!!! ...9.1 g/t GOLD +36 g/t SILVER... |
| Autor (Datum des Eintrages): | topware (20.09.05 09:23:49) |
| Beitrag: | 1 von 377 (ID:17961397) |
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