Strike Length of Gold Anomalies at Justin Rocks Extended By Auger Drill Results and Still Open; RAB Drilling Program Expanded
Exploration by the Company is focussed on the central part of the Archaean Jutson Rocks Greenstone Belt (JRGB), south of the historical Chapman's Reward gold mine. (Refer Figure 1) The Company's target is one or more typical Western Australian shear hosted gold deposits localised on contrasting lithological boundaries and reactive brittle lithologies.
The project is approximately 30km northwest of Gold Road Resources Limited's Central Bore project in the adjacent Yamana greenstone belt and also borders Ausgold Limited's Winchester prospect. The current RAB drilling program is the first systematic drill testing of the gold potential of the JRGB, and follows the soil sampling and auger drilling conducted by Global Metals in two programs last year.
The JRGB is considered one of the last remaining uncovered greenstone belts in the Eastern Goldfields which has not been systematically explored for gold. The Company is highly encouraged by the extensive anomalism defined by the recent BLEG and soil-auger programs, and the potential for gold mineralisation in the JRGB as a whole.
Second Phase Auger Results Extend Gold Anomalies
Assay results1 have been received for the second phase soil-auger drilling (241 holes) that was designed to infill and extend the anomalies detected in the first round of auger drilling (755 holes). [(ASX:GXN) release 31 January 2012]. The first phase of soil-auger drilling was completed on 50 metre centres on lines 250 metres apart, and has now been infilled to bring the sample coverage to 50m centres on lines 125m apart.
The southern gold prospect ("A") remains open to the south and there are a number of individual gold anomalies, particularly a NE-SW trend, that require follow up RAB testing.
The northern-most gold prospect ("B") width of 150-200m at the 95th percentile contour (14ppb Au) has not yet been closed off to the north and south. (Refer Figures 2, 3 & 4).
RAB Drilling Re-Commences
The RAB program that was halted in January due to Cyclone Heidi has now re-commenced, with the program doubling to 3,000m to test the extended anomalous zones. (Refer Figure 2 for RAB traverse lines).
To date, RAB drill holes have varied from 5-60m in depth, depending on the degree of weathering in the areas tested. The Company expects the RAB drilling program to finish in the next days, and assay results are expected within 6-8 weeks of program completion.
Bulk Leach Extractable Gold (BLEG) Program
The Company is also awaiting geochemical results from a further 35km2 or 3500 hectares of Bulk Leach Extractable Gold (BLEG) sampling, which are due in 2-4 weeks. The additional BLEG samples were collected to the south of the existing (May 2011) BLEG coverage which had produced encouraging results. [Refer (ASX:GXN) Release 22 November 2011].
Managing Director Lia Darby said today, "These new auger results are located within a 30km long zone of gold anomalism identified from geochemical sampling programmes by previously explorers, mostly in the 1970's. None of these gold anomalies have been followed up by drilling, and the Company is looking forward to receiving assay results from the RAB drilling program, currently in progress. We look forward to updating the market with results."
To view the Figures refered to in the announcement, please click the following link below: http://media.abnnewswire.net/media/en/docs/71761-ASX-GXN-579367.pdf
About Zinc of Ireland NL
Zinc of Ireland NL (ASX:ZMI), formerly Global Metals Exploration NL, is a mineral exploration company. The Company's principal activities include mineral exploration and project evaluation. The Company's projects include Kildare Project, which is located in County Kildare, approximately 40 kilometers south-west of Dublin; Ballinasloe Project, which is located in County Galway, over 50 kilometers east of Galway/Carnmore on the Glentaun-Cloonark Regional Structure; Navan Project, which is located approximately 15 kilometers south-east of the Navan Tara mine; Sligo Project, which is located over four kilometers north of Sligo in the western province of Connacht; Monaghan Project, which is located approximately 20 kilometers south-east of Monaghan in the eastern portion of the Longford-Down Inlier; Cork Project, which is located over 15 kilometers south-west of Cork, and Galway Project, which is located approximately 25 kilometers north-west of Galway in the Neoproterozoic Dalradian Supergroup.
Zinc of Ireland NL