Business
Cabeza drilling results and update
Cabeza drilling results and update.
About this update from Shearwater Group Plc
[{"type":"text","content":"\n \nRNS Number : 0760I Aurum Mining PLC 28 June 2013 \n \n\nNews Release\nJune 28th 2013\nAURUM MINING PLC\n(\"Aurum\" or \"the Company\")\nCabeza de Caballo drilling results and update\nAurum Mining plc (AIM: AUR), the Spanish focussed gold and tungsten explorer, is pleased to report the results of initial drilling on the Cabeza de Caballo Permit (\"Cabeza\") in the Salamanca Province of western Spain, which forms part of the joint venture with Ormonde Mining plc (\"Ormonde\").\nTo date, four diamond holes have been drilled, over a total depth of 442 metres, to test for near-surface extensions to the gold mineralisation previously identified by prospecting, soil geochemistry, geophysics and trenching. \nDue to access difficulties created by waterlogged ground and crop cultivation in the target area, the drill programme had to be curtailed on the completion of the initial four holes, as it was not possible to carry out the trenching that was planned prior to further drilling. Conditions have now improved and the trenching work required to finalise the drill hole locations of the programme has now recommenced ahead of further drilling. \nResults have been received for the initial four holes.\nMain Points\n· As hoped, wide gold-bearing intersections were identified in two of the first four holes drilled - best results were returned from hole CABDD002 with an interval of 24 metres grading 0.35 grams per tonne (\"g/t\") gold (from surface) and from CABD004 which intersected 18 metres grading 0.22g/t.\n· All four holes encountered gold mineralisation within 100 metres of the surface\n· Narrower, higher grade, intersections include 3m at 0.66g/t in CABDD003 and 1.15m grading 1.06g/t in CABD004\n· The mineralisation is associated with three distinct sets of quartz sulphide veining in a style consistent with an 'Intrusion-Related' gold mineralising system.\n· Trenching is now underway to enable the drilling to resume on defined targets\n· Trenching will also be carried out on the Peralonso permit area as a follow up to the drilling programme completed earlier this year. Previous results included 10m grading 3.39g/t gold and 2m grading 10.18g/t.\n \n \nSean Finlay, Aurum's Chairman, said:\n\"At th...