Hits High-Grade Gold In Step-Out Hole
GME Resources Limited (ASX:GME) has hit a number of shallow high-grade gold Intercepts from RC drilling at wholly owned Fairfield gold deposit located approximately 25 km north of Laverton township, in the Northeast Goldfields.
The company believes it may be onto a potential new discovery with the northern most hole in its RC step out campaign at Fairfield intersecting 10m at 2.9 g/t.
In total 19 RC holes for 720m were drilled to further delineate and test the immediate strike potential of a shallow, predominantly oxide gold Exploration Target of 90,000 to 135,000 tonnes, grading 2 to 3 g/t Au at the.
Managing Director, Jamie Sullivan, said drilling has confirmed the presences of two moderate to high grade shoots and associated broader zones of low to moderate grade, supergene, gold mineralisation within near surface weathered host rock
He said that of particular interest is the drilling interception of shallow moderate to high-grade gold mineralisation at the northern end of the deposit (i.e. 10 m @ 2.9 g/t from 13 m in hole FRC036 including 4m @ 5.4 g/t from 16 m and inclusive of 1m @ 9.3 g/t from 18 m).
This mineralisation is open both along strike to the north and down dip and opens up potential for extension of the deposit to the north which is untested.
Mr Sullivan said future work is currently being planned with further drilling warranted to test the strike extent of mineralisation discovered in hole FRC036 (10m at 2.99g/t) which remains open to the north and at depth. Resource modelling and subsequent technical and economic studies will be pushed back until further drilling has been completed
