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Drill Results, Kvemo Bolnisi East Gold Discovery
Drill Results, Kvemo Bolnisi East Gold Discovery.
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[{"type":"text","content":"\n \nRNS Number : 2124Z Georgian Mining Corporation 13 March 2017 \n\n\n \n \nClick on, or paste the following link into your web browser, to view the associated PDF document.\nhttp://www.rns-pdf.londonstockexchange.com/rns/2124Z_-2017-3-12.pdf \n \n13 March 2017\nGeorgian Mining Corporation\nFurther drill results from Kvemo Bolnisi East Gold Discovery\n \nGeorgian Mining Corporation ('GEO') is pleased to announce results from the program to expand the gold oxide resource at Kvemo Bolnisi East ('KB'). Target development work and follow up drilling have been focused on three targets, two of which (Gold Zone 1 and Gold Zone 2) have gold oxide resource potential. \n \nChannel rock sampling over a distance of 2,050 metres, followed by shallow, small diameter core drilling at Gold Zone 2 has defined additional gold targets with gold mineralisation open in all directions. Drill results to date justify a step up in diamond drilling and channel sampling to better establish the extent of Gold Zone 2 along with the drill program on Copper Zone 1. This is widening the program at KB with the focused objective of delineating a copper-gold sulphide resource and a gold oxide resource, both suitable for near-term production from one future open pit footprint.\n \nHighlights\n \n· The initial 14 vertical small diameter core drill holes drilled to a maximum 20m depth have been completed to test channel rock sample gold anomalies on Gold Zone 2, located immediately north of the Copper Zone and to the West of Gold Zone 1\n \n· Peak gold ('Au') drill intercepts from the first seven 20m deep holes include:\no TGD007 - 20m @ 2.2g/t Au from 0.0m to 20.0m\no TGD002 - 14.2m @ 2.00g/t Au from 5.0m to 19.2m\no TGD003 - 12m @ 1.29g/t Au from 8.0m to 20.0m\no TGD006 - 20m @ 0.74g/t Au from 0.0m to 20.0m\n \n· Peak grades from individual drill samples include 82.1g/t Au (0.25m sample), 7.31g/t Au (1.0m sample), 7.12g/t Au (1.5m sample), and 6.61g/t Au (1.0m sample) which confirm the presence of high-grade gold- bearing structures as part of the overall gold mineralized zone\n \n· The increase in drill sampling has been triggered by channel sampling of outcropping rock that h...