Monger Gold gets go-ahead for follow-up drilling at Providence gold prospect
Monger Gold 透露了Providence矿床的首个黄金资源，为 204,700 吨，黄金 2.5 克/吨，黄金 16,400 盎司。
The board at junior explorer Monger Gold (ASX: MMG) has approved a follow-up reverse circulation drilling program at the highly-prospective Providence gold prospect, which sits within the Mt Monger North project in Western Australia’s eastern goldfields.
The stage two program will feature 27 holes for a total 2,790 metres, plus 200m contingency for hole extensions if needed.
Monger aims to test the discovery of high-grade gold intercepts reported from stage one extensional drilling at depth and along strike.
Highlights from that program were 8m at 16.15 grams per tonne gold from 68m, including 1m at 111.4g/t gold from 62m and 1m at 15.01g/t gold from 64m; and 8m at 31.84g/t gold from 74m, including 1m at 37.03g/t gold from 69m, 1m at 18.20g/t gold from 70m and 1m at 190.06g/t gold from 71m.
Stage one drilling was designed to follow-up results from Silver Lake Resources’ (ASX: SLR) exploration into upper saprolite portions of the new deeper discovery in 2011, which returned assays of 1m at 20.7g/t gold from 54m; 2m at 7.93g/t gold from 22m; and 2m at 4.21g/t gold from 33m.
Exceptional results
Monger chairman Peretz Schapiro said the “exceptional results” from the stage one program demonstrated the prospectivity of the Providence prospect and enhanced the company’s confidence in the project.
“While this project has been explored numerous times over the years, it appears those explorers had been focused on shallow oxide gold and overlooked the potential for deeper, narrow vein, high-grade mineralisation in the fresh rock,” he said.
“The high-grade results we have recently received validate our hypothesis we are very much looking forward to this next phase of drilling as we aim to increase the potential strike and add depth to this high-grade gold system.”
Mr Schapiro said no drill holes had been completed in the proposed drill program extension area, both at depth and along strike.
Drill hole spacing of 20m will test the extent and continuity of gold mineralisation previously discovered by the company and will allow for a maiden resource estimation if confidence in gold continuity is increased.