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Preliminary Drilling Results
Preliminary Drilling Results.
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n Mercator Gold PLC\n20 April 2006\n\nFor Immediate Release\n\n\n20 April 2006\n\n\n\n Mercator Gold plc\n ('Mercator Gold' or the 'Company')\n Preliminary drilling results\n\n\n\nMercator Gold is pleased to announce preliminary results from drilling at\nProhibition in the Paddy's Flat area at Meekatharra.\n\n\n\nDrill hole 06PRRD001 intersected 69 metres @ 3.41gm/ton from 233 metres, 46\nmetres @ 1.77gm/ton from 300 metres, and 28 metres @ 6.57gm/ton from 401 metres.\n\n\n\nThe hole was collared in the haul road, 70m below surface, at the open cut at\nProhibition. The hole was drilled parallel to the host rock type, a ferruginous\nchert but across at a high-angle to fault structures. The host ferruginous chert\nis 30 to 50m wide near the surface, with an average width of approximately 35m,\nand is offset by cross-faults. The hole was designed to test results from \nSpaDiS(TM) analysis that suggested that the gold showed far greater down-dip\ncontinuity than previously suggested:\n\n\n\nIn hole 06PRRD001 significant geologically defined intersects occur as listed\nbelow:\n\n\nInterval from-to m Thickness and gold grade Depth from surface\n27 to 34 7m @ 6.54 g/t 94m\n171 to 240 69m @ 3.41 g/t 233m\n252 to 254 2m @ 2.14 g/t 271m\n266 to 312 46m @ 1.77 g/t 300m\n319 to 321 2m @ 7.13 g/t 326m\n402 to 430 28m @ 6.57 g/t 401m\n\n\n\nThe Company emphasises that these results are preliminary. Assays from the drill\ncollar to downhole-depth 120m are by fire assay and below that aqua regia\nmethods. A more detailed release will be made shortly to confirm the assay\nresults and detail geological and economic significance. At this stage the\nresults expand the Prohibition mineralisation, currently a resource of 2.3Mt @\n3.6 g/t for 270,000 ounces. This result shows that mineralisation previously\nmodelled in the resource as limited to narrow cross faults, mostly less than 10m\nwide, extend between faults down the host ferruginous chert in\nquartz-pyrite-arsenopyrite veins, confirming the SpaDiS(TM) analysis.\n\n\n\nThe Managing Director, Mr Patrick Harford said: 'A year ago our independent\nconsultant, Prof Rob Kerrich, suggested that we had the potential at Meekatharra\nto substantially upgrade resources between and particularly below known ore\nbodies. This new drill result based on SpaDiS(TM) analysis opens a new chapter\nin the Company...