Drilling & Geophysical programmes to commence

MOUNT VENN GOLD PROJECT
DRILLING & GEOPHYSICAL PROGRAMMES TO COMMENCE

  • Drilling and ground geophysical programmes to commence
  • RAB/Aircore and RC drilling planned to further test and extend extensive gold mineralisation discovered at the Three Bears prospect
  • Previously reported intercepts at Three Bears included; 12m @ 1.19 g/t, 40m @ 0.36 g/t Au & 36m @ 0.47 g/t Au
  • Ground based Dipole-Dipole Induced Polarisation (IP) geophysics planned to test thick Zinc mineralisation discovered at the Rutters prospect. Mineralisation occurs within a felsic volcanic pile with pervasive pyrite – potential for VMS style base metal mineralisation
  • Previous shallow drilling at Rutters included intercepts of; 39m @ 0.23% Zn, 40m @ 0.12% Zn & 13m @ 0.25% Zn
  • RC drilling planned at Three Bears and Rutters following target definition from the geophysical programme
  • Additional RAB drilling planned over new targets

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