Business
Positive Soil Sampling, Schonberg, Austria
Positive Soil Sampling, Schonberg, Austria.
About this update from Empire Metals Limited
[{"type":"text","content":"\n \nRNS Number : 7825N Noricum Gold Limited 12 September 2013 \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/7825N_-2013-9-11.pdf \n \n \nNoricum Gold Limited / EPIC: NMG / Sector: Natural Resources\n12 September 2013\nNoricum Gold Limited ('Noricum Gold' or 'the Company')\nPositive Soil Sampling Results at Schonberg Project, Austria\nIssue of Equity\n \nNoricum Gold Limited, the Austrian focused gold exploration and development company, is pleased to announce positive results following the successful completion of the first phase of its systematic soil sampling and geochemistry programme at the 100% owned Schonberg Gold and Precious Metals Project.\n \nHighlights\n \n· Previous work performed by the Company identified a structural corridor hosting 8 veins over 3 km of strike\n· The soil sampling programme was designed to test the extent of the mineralisation present in these veins\n· Sampling returned multiple significant anomalies, including 0.419ppm gold and 0.22% copper, from a first pass of 109 samples collected \n· Results confirm the Company's view that this area is a high priority exploration target\n· Follow up work will comprise approximately 2,000 sample locations on a 15m by 50m spacing over the main areas of interest \n· This programme will assist in the design of a first phase reverse circulation ('RC') drill campaign\n \nNoricum Gold Managing Director Greg Kuenzel said, \"Having already identified an exciting exploration target at Schonberg, the results from our initial soil sampling work are very encouraging. Importantly, they confirm our belief that oxide resources may be present above the primary sulphide mineralisation as evidenced by results in the ppm range for gold and the percent range for copper. With this in mind, we will now commence our follow up sampling programme at closer spacings to firm up these targets and I look forward to providing updates at the appropriate time.\n \n\"With resource drilling well underway at the previously producing mine within our primary Rotgulden gold project, these results at Schonberg highlight the addi...