- Perseverance North follow up program delivers high grade results including: 4.4m @ 13.3g/t Au; 3.9m @ 3.2g/t Au
- Results show potential for Perseverance North to host a substantial resource
- Surface drilling of 2nd Perseverance EM target further highlights the potential with an intersection of: 2.0m @ 7.4g/t Au
Gold producer Focus Minerals (ASX: FML) is pleased to announce excellent high-grade gold intersections from an underground drilling program designed to target the recently discovered Perseverance North Ore Body.
In late 2009 a number of EM targets, including Perseverance North, were identified during a down-hole EM program carried out at the Tindals Project within the Coolgardie Gold Project. Drilling into one of the targets in May 2010 (see ASX release dated 7th July 2010) highlighted Perseverance style mineralisation to the north of the main Perseverance ore body. This drilling delineated a target of over 140 metres in strike and 200 metres in dip with intersections including (Figure 1):
4.2m @ 3.6g/t Au
5.2m @ 3.6g/t Au; and
4.6m @ 5.9g/t Au
The follow up program into the target area has intersected further mineralisation, with results from the first two holes of an 8 hole program delivering significant high grade mineralisation including:
4.4m @ 13.3g/t Au
3.9m @ 3.2g/t Au
The drilling intersected quartz-sulphide structures of similar appearance to those seen in the main Perseverance ore body. The program was designed to confirm and infill the strike, depth, continuity and the tenor of the mineralisation within the target zone. ASX Release 16th September 2010
The 4.4m @ 13.3g/t intersection vertically intersected the midpoint of current drilling extremities and provides growing confidence that Perseverance North will host a substantial resource. The zone remains open at depth and along strike.
The Perseverance North ore body can be easily accessed with only 75 metres of horizontal development required from the existing 205 level at Perseverance. Detailed mine planning will begin once all results from the remaining 6 holes are received.
Surface EM Target Drilling
The use of DHEM continues to provide reliable target identification and classification with surface drilling into a second identified EM target also delivering high grade intercepts. Both holes drilled into this second target have returned anomalous gold intersections providing further confidence that substantial ore bodies will be discovered in Coolgardie with the aid of EM technology. Two holes with assays received to date are;
2m @ 7.42g/t from 173 metres; and
1m @ 1.4g/t from 134 metres
This immediately highlights another potential high grade zone that is also within easy access of the current underground workings (Figure 2).
Focus Chief Executive Officer Campbell Baird said the latest results highlighted the enormous potential of the recently discovered Perseverance North deposit.
“The results make us increasingly confident that Perseverance North will make a major contribution to the growth of the Tindals Project,” Mr Baird said.
“Importantly, it is just 150m from surface, 75m from existing development and mining at Perseverance is already at 300m deep so the upside is substantial.
“It also provides further evidence that there is much more gold to be found at Tindals in the form of Perseverance repeats as we continue to target a host of EM conductors.”