2.6 Meters Gold High Grade Mining in the Philippines, another meters Gold more
by: joeborgz
Red
Mountain Mining makes bonanza gold find at Lobo,
Philippines
Red
Mountain Mining has made a new bonanza high grade gold discovery of 2.6 meters
at 28.6 grams per tons from trenching at the Lobo Prospect of its Batangas Gold
Project in the Philippines.
This
intersection on the 500 meter long South West Breccia Lode structure is 100
meters along strike to the southwest of a previous Trench 7 intersection of 2
meters at 31.1g/t gold.
Recent
sampling on the other, northeast, wall of Trench 7 produced an intersection of 3
meters at 22.2 g/t gold, confirming the exceptionally high-grades, virtually at
surface, in this location.
"The
discovery of another lode with bonanza gold grades in surface trenching gives us
confidence that we have a series of high grade gold shoots occurring along the
South West Breccia structure, which continues for at least 500 meters then
passes under shallow limestone which possibly obscures more high-grade zones,"
managing director Jon Dugdale said.
"Our
very cost-effective surface trenching program will continue to define lode
continuity at surface before drilling is planned to define potential high-grade
gold mineral resources."
Trenching
Details
The
latest, Trench 13, result is from a northwest dipping lode displaced slightly
down slope by surface slumping.
Trench
11, 7 meters to the southwest, intersected the same lode grading 1.3 meters at
8.68 g/t gold including 0.8 meters at 13.6 g/t gold while Trench 14 – located 10
meters to the southwest - intersected limestone cover that conceals the gold
lode.
The
limestone cover continues for over 1 kilometer before the lode structure emerges
to the southwest where previously sampled surface colluvial float grades of up
to 79.6 g/t gold occur at Signal.
The
discovery of two new epithermal potential gold shoots brings to four the number
of shoots identified within the 500 meter strike length along the South West
Breccia lode corridor at Lobo.
This
corridor already includes Indicated and Inferred resources of 194,000 tons at
7.2 g/t gold and drilling results to 3.7 meters at 8.6 g/t gold at the Japanese
Tunnel target.
The
two new potential shoots recently discovered at Trench 7 and Trench 13 could
potentially significantly add to the mineral resource base at this
location.
Dugdale
added that it is likely that a pinching and swelling epithermal lode is
intermittently developed over the entire strike length from South West Breccia
through Japanese Tunnel.
"The
Trench 7 area and to the Trench 13 area, with each "swell" representing a
potential individual high-grade gold shoot spaced approximately 100m apart
within the 500m long lode corridor mapped to date," he
said.
"The
logical next stage of our exploration program is to drill under the high grade
trenches and we are looking forward to seeing what this stage of the program
might yield."
Four
trenches on approximately 10m spacing have been completed in the Trench 7 area.
The lode has been intersected in three of those trenches and the northeastern
most of those, Trench 12, failed to intersect the lode which may occur up slope
under >3 meters of colluvial cover, too deep for safe trenching.
Drilling
will be required to confirm continuity of the high-grade shoot below surface and
to confirm whether the shoot connects with the Japanese Tunnel zone 75m to the
northeast.
Analysis
The
discovery of new bonanza grade gold shoots indicates that a series of high grade
shoots could occur for at least 500 meters at Batangas, increasing the scale of
the project.
The
next set of trenching results from Red Mountain due in a week are highly
anticipated, as these could continue to define lode continuity at
surface.
Exploration
will continue at speed, with Red Mountain to follow-up the trenching with
drilling - which will target high-grade gold resources.
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