Republic Gold Limited (ASX:RAU) Drilling Results At Terrace Creek Prospect High Grade Intersection
Perth, Aug 11, 2009 AEST (ABN Newswire) - The Directors of Republic Gold Limited (ASX:RAU) today announce that the Company has received analysis results for the initial 14 RC drillholes for the 2009 field season drilling at its Terrace Creek Prospect, within its 100%-owned Tregoora Gold Project in Far North Queensland ("FNQ"). A total of two diamond drillholes have also been completed to provide geological interpretations and samples for ongoing metallurgical testwork.
A total of 872 metres of RC drilling were drilled in this first phase over 500 metres of strike extent. Eight of the 14 holes intersected mineralisation. Drillhole FN068 had very low grade mineralisation in its last 2-metre sample, with low amounts of visible sulphides present. Given the newly interpreted orientation of the high grade shoot, this drillhole may have only just started to intersect the shoot and will now be extended. It is anticipated to fully intersect the shoot if the current interpretation is correct.
The drilling programme has been redesigned following the success of FN073 and will investigate the dimensions of the high grade shoot at depth. The high grade shoot has significant dimensions near surface (approximately 20 metres high x 15 metres across). This additional drilling will be aimed at determining whether these dimensions continue, or whether the shoot might pinch. It will also be aimed at determining whether the current interpretation is correct.
Republic's Managing Director; John Kelly, said:
"Slowly we are putting together a viable geological picture at Terrace Creek. We've got one high grade, quartz-rich shoot within a very broad lower grade mylonite zone. The combination of both should be ideal for open pit mining, with the high grade shoot driving the pit to depth and the moderate grade material adding to the contained ounces."
For the complete Republic Gold ASX Announcement, please click the link below:
http://www.abnnewswire.net/media/en/docs/61229-ASX-RAU-321750.pd
Contact
John Kelly
Managing Director
Tel: +61-418-577-759
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