Vertex Limited (ASX: VTX) intersected visible gold in a diamond drilling programme at its Red Hill gold project in NSW, Australia.
Diamond core drilling is progressing well with 326.8m drilled to date, with four holes logged and no samples submitted to date. The latest hole logged and drilled to 95m, and targeting 120m, was highlighted by the occurrence of visible gold in Hole VRHD004 at 74.2m over a 40mm zone.
Drill core preparation is yet to be completed for the first four holes and assays from these are expected in six to eight weeks. The Red Hill gold project forms part of the high- grade historic Hill End gold mining precinct.
“Visible Gold characterises numerous gold deposits at Hill End, including Red Hill,” Technical director Tully Richards said.
“That said, it’s always special when it is observed. it’s better to be looking at it than looking for it. However, there’re additional important observations made regarding VRHD004, the compay’s fourth (and still being drilled) diamond drill hole of its Red Hill resource development drill out.
“From the description of a significant ‘grit marker bed’ to the recognition of a number of vein assemblages, the above will be important in the interpretation and understanding of the resource at Red Hill.
“Knowledge gleaned from the company’s drilling at Red Hill will be applied to the greater understanding of other systems, under licence, and along strike from Red Hill.”
For further information please visit: https://vertexminerals.com/
