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Sampling Results from 2012 Exploration Work
Sampling Results from 2012 Exploration Work.
About this update from Prospex Energy Plc
[{"type":"text","content":"\n \nRNS Number : 8536N Premier Gold Resources PLC 04 October 2012 \n\n \nEmbargoed: 0700hrs, 4 October 2012\n \nPremier Gold Resources plc\n(\"Premier Gold\" or the \"Company\")\n \nExploration Work enhances prospectivity of Cholokkaindy licence \n \nPremier Gold (AIM: PGR), the Central Asia-focused gold exploration and development company, has received results of prospecting and soil analyses from samples collected during the current exploration programme within the Cholokkaindy licence. \n \nThe increased geological continuity provided by the new results indicates that the four previously identified prospects should be interpreted as part of a single mineralising system. The new data indicates two geologically defined trends up to four kilometres long with significant gold in bedrock and gold soil anomalies over an area of five square kilometres. \n \nHighlights\n \n· Soil sampling proves significant gold anomalies over five square kilometres \n- Large areas of more than 10ppb (parts per billion) Au (Gold) in soils\n- 12 coherent gold in soil anomalies of more than 100ppb Au\n- Highest soil sample of 900ppb Au\n- Anomalies remain open in all directions\n \n· Talbaital - Jarkonush prospects now defined as single northwest oriented geological trend up to four kilometres in length\n \n· Aksai - Torsai prospects now defined as single northwest oriented geological trend up two kilometres in length\n \n· Soil sampling confirms areas of known bedrock mineralisation. For example, at Aksai-Torsai the new results prove an extensive gold anomaly around a trench that assayed 7 g/t Au over a 3m width\n \n· Reconnaissance prospecting around Aksai-Torsai consistently returns grab samples ranging up to 5 g/t Au\n \nRichard Nolan, Chief Operating Officer, commented:\n \n\"The latest results from Cholokkaindy are highly encouraging. Where we had previously identified a strike length in Talbaital of 1,200 metres and a width of 400 metres, we are now looking at a target of over five square kilometres linking all four prospects. We believe the new data is indicative of a larger mineralising system extending across four target are...