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Glass Earth Gold Reports High-level Epithermal System Indicated by Broad Mineralized Intersection in First Diamond Drill Hole at Muirs Reef Gold Prospect, NZ
TSX-V: GEL NZAX: GEL Diamond Drilling in Three Regions in New Zealand
About this update from Chatham Rock Phosphate Limited
[{"type":"text","content":"\n\n\n\nTSX-V: GEL\nNZAX: GEL\n\nDiamond Drilling in Three Regions in New Zealand\n\n\nTORONTO, Sept. 25 /CNW/ - Glass Earth Gold Limited (TSX-V: GEL; NZAX:\nGEL) ("Glass Earth") today provided an activity update on its drilling\nactivities in the Mamaku-Muirs, Hauraki and Otago Regions in New Zealand.\nDrilling continues apace through spring in the southern hemisphere.\n\n\nMUIRS REEFS GOLD PROPERTY, MAMAKU REGION (last reported upon 22 August)\n\n\nA high-level epithermal system is indicated by the broad mineralized\nintersection in the first diamond drill hole. In summary;\n\n\n- First diamond drill-hole intersects 30m @ 1.2 g/t Au and 6 g/t Ag,\n confirming a mineralized system to 75m depth;\n\n- Additional gold mineralized quartz veins intersected either side of\n the broad intercept indicate potential for a stockwork of veins\n between the Massey and Muirs vein systems (350m apart);\n\n- Recent EM electrical ground surveying confirms additional resistors\n indicative of new veins in the vicinity of Massey and Muirs quartz\n reef;\n\n- Quartz vein petrology indicates a high-level epithermal system with\n unconstrained depth potential.\n\n\nDrilling and assaying of the first diamond drill hole on the Massey\nsection of Muirs Reef provides strong encouragement, showing initial\nindications of a broad section of mineralized quartz veins (30m @ 1.2 g/t Au\nand 6 g/t Ag, true width ~20m). Drilling beneath 20m @4.9 g/t gold (surface\nchannel across the Massey section of the Muirs Reef prospect) included a wide\nmineralized zone steeply dipping beneath the Massey channel and two other\nperipheral mineralized quartz veins, providing indications of a broader\nepithermal system than previously described. (see section Figure 1).\n\n\nThe second hole, drilled 80m along section on the Massey reef, is\ncurrently at 105.6m and still in the target zone.\n\n\nThe breadth of the mineralized quartz veins, and the intersection of\nseveral peripheral veins (up to 4.5 g/t Au over individual one metre\nintervals) indicates the potential for a large epithermal system. The Massey\nand Muirs veins lie some 350m apart, with the known Muirs veins mapped over\n1500 metres (demonstrated from historical RAB/RC drilling). Recently completed\nEM (gradient array) ground surveying between the two reefs has detected new\nresistors indicating additio...