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New Gold Discovery and Drilling Update
New Gold Discovery and Drilling Update.
About this update from Empire Metals Limited
[{"type":"text","content":"\n \nRNS Number : 3864U Georgian Mining Corporation 24 October 2017 \n\nGeorgian Mining Corporation / EPIC: GEO / Sector: Natural Resources\n24 October 2017\n \nGeorgian Mining Corporation\nDrilling Update from KB Gold Zone 2 and New Gold Discovery\n \nGeorgian Mining Corporation ('GEO' or the 'Company') is pleased to announce drill results from a further 32 diamond drill holes undertaken by Georgian Copper and Gold ('GCG'), GEO's 50% joint venture company at Gold Zone 2 ('GZ2') at the Kvemo Bolnisi Copper and Gold Project ('KB') on the Tethyan Belt in Georgia. The new results will be incorporated in the existing JORC compliant Mineral Resource estimate. In addition, a new gold target has been identified to the west of the GZ2 Mineral Resource.\n \nThis programme focused on drilling around the known margins of the GZ2 Mineral Resource, reconnaissance drilling of other channel, soil and rock chip anomalies located to the east, north and north east of GZ2 and a single drill hole testing an anomaly identified to the west of GZ2.\n \nHighlights\n· Gold oxide mineralisation intersected from surface included peak individual gold assays over one metre intervals of 35.4g/t Au, 35.0g/t Au, 15.35g/t Au, 14.3g/t Au, 10.55g/t Au and 5.96g/t Au\n \n· Highlights from the gold oxide drilling include TGD094: 62.0m @ 1.1g/t gold ('Au') from 2.0m\n \n· Limits of the GZ2 Au oxide Mineral Resource now defined for initial mining target\n \n· New gold target discovered 150m to the west of the GZ2 Mineral Resource that returned a diluted intercept of 0.65g/t Au over 143.8m from 117.20m (TGD093) including:\no 1.2m @35g/t Au from 67.0m\no 75.3m@ 0.46g/t Au from 117.2m \no 56.0m @1.03g/t Au from 205.0m\n \n· Intersected further high-grade copper mineralisation over significant widths which will add to the underlying copper ('Cu') sulphide Mineral Resource \n \n· Peak copper grades achieved during drilling include:\no TGD065: 16m @ 3.4% Cu from 188.0m; and\no TGD094: 35m @ 0.95% Cu from 67.0m which included 0.9m @ 15.24% Cu\n \n· Drilling has identified potential sources of low-grade Au oxide an...