Energold's Longyear results
Energold has received the results from holes 13, 14, 16-20, a total of seven holes,
which complete the first phase of widely spaced drilling on the Longyear property
3.5 kilometres southwest of Pueblo Viejo in the Dominican Republic.
From-To Interval Au Ag Cu
(m) (m) Ox/S g/t g/t %
Hole 2051-13
0 - 12 12 Ox .528 1.00 .022
44 - 47 3 S .305 2.70 .481
Hole 2051-14
0 - 9 9 Ox 1.186 .68 .083
0 - 16 16 Ox .863 .98 .115
30 - 48 18 S .319 5.33 .415
Hole 2051-16
0 - 13 13 Ox .353 .26 .015
Hole 2051-17
0 - 17 17 Ox .296 .88 .012
Hole 2051-18
0 - 16 16 Ox .597 1.19 .026
50 - 57 7 S .230 3.00 .010
Hole 2051-19
0 - 6 6 Ox 1.132 2.07 .077
47 - 52 5 S .342 4.60 .026
Hole 2051-20
0 - 16 16 Ox 1.541 19.53 1.49
16 - 31 15 S .372 6.71 .988
Significant mineralization was encountered in all 20 holes, indicating its widespread
nature. Two better than average zones were defined. One (holes 14, 15 and 18) is
characterized by two separate intervals of massive to semi-massive sulphides, or
oxides after sulphides, each from eight to 15 metres in thickness from which values
of up to 1.2 grams over nine metres were obtained.
The second zone (holes 6, 7, 8, 11 and 20) occurs lower in the sequence, has less
overall massive sulphides, is more intensely sericite-silica altered and has more
vein style mineralization. In this area the presence of late stage volcanic dykes and
quartz vein stockworks indicate more complex mineralization processes, possibly
structurally related and more hydrothermal in nature. Values of up to 1.3 grams
per tonne Au over 23 metres were obtained from the area.
Individual one-metre assays up to 10.35 g/t gold, 250 g/t silver, 5 per cent copper
and 5.7 per cent zinc imply better grades may be associated with structures not
intercepted by the current drilling pattern. The holes were widely spaced and
aimed at getting true thickness intercepts from sulphides conformable with a
shallowly southwest dipping foliation.
Both zones require detailed analysis of the data collected. Additional surface
mapping and trenching based on the observations from drill core will be carried
out. Further drilling in search of structurally controlled higher grade zones and to
greater depths is planned.
-30-
Upcoming plans: There is clearly a large mineralized system here at Longyear, with some sniffs of high grade sweet spots. Now that Phase 1 drilling is done mgmt will review results, do some summer trenching, drilling not likely till fall, and EGD may or may not be the one spending the money on that program. |
