Business
Drill Results
Drill Results.
About this update from Altyngold Plc
[{"type":"text","content":"\n \n \n Drill Results\n \n \n\n \n Hambledon Mining PLC\n \n \n\n \n \n \n Hambledon Mining plc\n \n \n (“Hambledon†or “Companyâ€)\n \n \n Sekisovskoye Underground Project – Drilling Update\n \n \n 30 March 2011\n \n \n Hambledon is currently undertaking a substantial underground drill \n programme to validate and expand the geological resources at \n Sekisovskoye.\n \n \n Key results from the programme to date are as follows:\n \n \n \n Eight drill holes completed\n \n \n Over 1,700 metres drilled\n \n \n Significant intersections include:\n\n \n \n Hole D121 – 33m at 4.78 g/t Au\n \n \n Hole D121 – 60.4m at 5.6 g/t Au\n \n \n Hole D122 – 8m at 10.75 g/t Au\n \n \n Hole D122 – 44m at 5.74 g/t Au\n \n \n Hole D124 – 26.3m at 5.13 g/t Au\n \n \n Hole D125 – 33m at 4.5g/t Au\n \n \n \n \n \n As announced on 10 January 2011, Hambledon has committed to, and \n commenced, an 18 month drill programme of approximately 25,000 metres to \n be completed at an average rate of 1,500 metre per month. An extension \n of this drill programme will be undertaken once the underground decline \n is constructed below the existing 320 metre level, which sits some 85 \n metres below the base of the current open pit.\n \n \n To date, 8 drill holes have been completed and the results have \n confirmed the geometry of the resource and validity of the current \n resource model. Significantly, the drill holes have also expanded the \n known dimensions and increased the volume of ore in zone 8, one of the \n main zones, by over 22%. Further details of the drill hole results are \n included in Appendix 1 below.\n \n \n The analytical works were carried out in the Altai Ken-Bayitu laboratory \n with independent assay verification to be undertaken by the Alex Stewart \n Group in Karabalta, Kyrgyzstan.\n \n \n The Sekisovskoye deposit is in the Rudny Altai metallogenic belt and is \n one of seven gold fields in East Kazakhstan. The host rocks are very \n coarse grained, altered, igneous breccia zones of variable composition \n within granitoid intrusives. The breccias range up to 700 metres in \n width by 160 metres in breadth, with steep northeasterly dips, and \n extend to drilled depths greater than 950 metres. The breccias are cut \n by mostly concordant dykes of various compositions and a system of \n cross-cutting faults. Gold mine...