Business
Further Drill Results from KB East Gold Zone 2
Further Drill Results from KB East Gold Zone 2.
About this update from Empire Metals Limited
[{"type":"text","content":"\n \nRNS Number : 2431H Georgian Mining Corporation 06 June 2017 \n\n6 June 2017\nGeorgian Mining Corporation\nFurther Drill Results from Kvemo Bolnisi East's Gold Zone 2 Target\n \nGeorgian Mining Corporation ('GEO') is pleased to announce the final set of drill results from Gold Zone 2 at its Kvemo Bolnisi Copper and Gold Project in Georgia ('KB'). GEO has completed an initial 64-hole diamond drill program, and will now model the assay results to establish an initial JORC Mineral Resource for Gold Zone 2 as part of the initial 3-5 Mt JORC compliant resource of combined copper-gold sulphide and gold oxide mineralisation that GEO expects to delineate near term. Establishing a Gold Zone 2 resource is phase 2 of a three-stage program targeting a >50Mt Resource at KB and the many high grade intersections within the Gold Zone 2 drill program support GEO's belief that the three target zones of KB form part of one large epithermal copper/gold unit. To view the press release with the illustrative diagrams please use the following link:\n\nhttp://www.rns-pdf.londonstockexchange.com/rns/2431H_-2017-6-6.pdf\n \n \nHighlights: \n \n· Gold oxide mineralisation intersected from surface to depths of up to 60m included peak individual gold assays of 30.6g/t, 21.4g/t, 20.6g/t, 14.4g/t, 10.2g/t, 7.63g/t and 5.94g/t Au\n \n· Gold oxide zone remains open in all directions and the discovery of gold-pyrite sulphide mineralisation below the oxide cover indicates bulk tonnage potential. Selected results include: \n \no TGD-046: 30m @ 1.0g/t Au from 0.0m\no TGD-048: 25m @ 2.09g/t Au from 1.0m\no TGD-051: 16m @ 1.60g/t Au from 0.0m\no TGD-052: 16m @ 1.43g/t Au from 0.0m\no TGD-054: 28m @ 1.95g/t Au from 43.0m\no TGD-056; [email protected]/t Au from 85m\no TGD-057: [email protected]/t Au from 13m\no TGD-060: 25m @ 2.55g/t Au from 5.0m\no TGD-061: 21m @ 1.1g/t Au from 0.0m\n \n· These results confirm both significant upside potential and already meet the grade requirement at the heap leach processing plants of GEO's JV partner\n \n· Drilling also reconfirms the presence of copper sulphide mineralisation immediately beneath the gold oxide zone with n...