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Sydney, June 15, 2012 (ABN Newswire) - Vector Resources Limited (
ASX:VEC) is pleased to announce that it has received further assay results from the priority drilling of the Phase 3 reverse circulation (RC) program at the Company's Gwendolyn East Project in Western Australia.
The single metre and four metre composites received are a combination of some Phase 2 holes not sampled and Phase 3 extensional and infill drilling. These results identify that the mineralisation envelope continues to expand. These results will add to the data set being developed for the resource upgrade that is currently underway.
Drilling is continuing on site with approximately 28 holes remaining on the Phase 3 program before the Phase 4 program commences. There are currently 3,059 single metre samples awaiting results.
Hole G193 has hit another super high grade lode that was previously not identified, this is now potentially the seventh lode identified. This hole is located between holes GO16 and GO14 that previously reported as high grade intercepts.
Significant Upside
Gwendolyn has the potential to increase the current resource, with encouraging fundamentals including:
- High grade intercepts identified outside current mineralisation envelope;
- Mineralisation remains open in all directions;
- Extensional exploration will continue to push existing ore boundaries as a priority; and
- Infill drilling of the unclassified material is ongoing.
To view the complete Vector Resources announcement including Tables and Figures, please click the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-VEC-593224.pdf
ASX:VEC) is pleased to announce that it has received further assay results from the priority drilling of the Phase 3 reverse circulation (RC) program at the Company's Gwendolyn East Project in Western Australia.The single metre and four metre composites received are a combination of some Phase 2 holes not sampled and Phase 3 extensional and infill drilling. These results identify that the mineralisation envelope continues to expand. These results will add to the data set being developed for the resource upgrade that is currently underway.
Drilling is continuing on site with approximately 28 holes remaining on the Phase 3 program before the Phase 4 program commences. There are currently 3,059 single metre samples awaiting results.
Hole G193 has hit another super high grade lode that was previously not identified, this is now potentially the seventh lode identified. This hole is located between holes GO16 and GO14 that previously reported as high grade intercepts.
Significant Upside
Gwendolyn has the potential to increase the current resource, with encouraging fundamentals including:
- High grade intercepts identified outside current mineralisation envelope;
- Mineralisation remains open in all directions;
- Extensional exploration will continue to push existing ore boundaries as a priority; and
- Infill drilling of the unclassified material is ongoing.
To view the complete Vector Resources announcement including Tables and Figures, please click the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-VEC-593224.pdf
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About Vector Resources Limited
Vector Resources Limited (ASX:VEC) is a Western Australian focussed resource company with a corporate vision of acquiring and developing highly prospective resource assets that have the capacity of adding significant shareholder value.
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