Republic Gold Limited (ASX:RAU) To Commence 5,000-Metre RC Drilling Programme At Tregoora Gold Project In Far North Queensland
Brisbane, Nov 20, 2009 AEST (ABN Newswire) - Republic Gold Limited (ASX:RAU) today announced that the Company will today commence a 5,000-metre RC drilling programme at its 100%-owned Tregoora Gold Project in Far North Queensland. Drilling will target mineralisation in the series of recently purchased mining leases in the central portion of the mineralised zone at Tregoora and in the vicinity of zones where recent high grade intersections were recorded.
Republic's Managing Director; John Kelly, said: "The recent purchase of four mining leases from a local prospector and high grade intercepts from drilling earlier in the 2009 field season are the catalysts for this last round of drilling in 2009. The mining leases demonstrate potential for high grade gold and antimony intercepts, with the balance of the drilling targeting potential high grade structures within existing resources."
Key Points
- The recent purchase of four mining leases covering the historic "Big A Antimony Mine" and extensions has allowed access for further drilling.
- A total of 5,000 metres of RC percussion drilling is to be completed at Tregoora before the wet season commences.
- Targets are potential high grade gold and antimony mineralisation within the mining leases and potential high grade shoots within existing resource areas:
- 3,500 metres will be drilled within the mining leases, and
- 1,500 metres targeting the potential high grade shoots.
- Drilling will take place down-plunge of the high grade shoot at Terrace Creek which remains open at depth.
- Drilling will investigate if the Terrace Creek southern hot spot defines a high grade shoot joining it to FN014 containing 4m @ 12.05 Au g/t some 100m down-plunge.
- Recent metallurgical drill-holes TGA089 and TGA097 intersecting high grade at Sleeping Giant are on wide spaced sections; these will be infill drilled to a density appropriate for investigation of high grade shoots.
Contact
John Kelly
Managing Director
Republic Gold Limited
Mob: +61-418-577-759
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