Steppe Gold Limited (TSX: STGO) (OTCQX: STPGF) has encountered further exceptional high-grade zinc zone beneath the ATO Gold Deposits at its 100%-owned Altan Tsagaan Ovoo (ATO) project in Mongolia.
While ontinuing to ramp up production of gold and silver from the oxide ores at ATO, the company maintained exploration activity in late 2021, focused on extensional and step-out targets. Results are now available, and management said this underscores the long-held view that the ATO project has strong long term potential and remains open to support further drilling targets.
HIGHLIGHTS:
Exceptional high-grade zinc continues to be discovered beneath the ATO Gold Deposits
Follow up drilling to commence with up to three drilling rigs utilised
Better results include:
- 20.95m at 10.56% Zinc and 3.13% Lead from 347.65m (ATO-364)
- 15m at 8.0% Zinc and 5.87% Lead from 371m (ATO-379)
- 55.4m at 4.23% Zinc and 1.83% Lead from 98.5m (ATO-391)
- 10.62m at 9.2% Zinc and 4.3% Lead from 201.15m (ATO-396)
- 23.5m at 6.28% Zinc and 1.63% Lead from 396m (ATO-423)
Recent drilling completed at the ATO Gold Deposits has continued to target depth extensions of the existing ATO deposits.
This has resulted in an exciting new discovery of multiple high grade zinc sulphide intercepts beneath the existing ATO Gold Deposits. The drilling results are extremely encouraging, and the Company intends to follow this up with an extensive drilling program in the coming months.
“We are very pleased to announce these exciting drill results with high grade intercepts of zinc and lead supporting our view that the Phase 2 Expansion at ATO has much further to go. Our 2021 Feasibility Study demonstrated robust economics focused on strong gold and silver content in the sulphide zones,” President and CEO, Bataa Tumur-Ochir, said.
“These drilling results provide further encouragement that there is high grade zinc and lead in situ. With well-established logistics from the site to the nearby Chinese border this adds to our confidence in the long-term viability of ATO with multiple revenue streams.”
For further information please visit: https://steppegold.com/
