Australian Solomons Gold Limited Gold Ridge Update
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Australian Solomons Gold Limited (”ASG” or the “Company”) (TSX:SGA) today announced that it is recommencing exploration activities with a 1,000 metre drill programme to test for updip extensions of the mineralisation discovered beneath the Charivunga Gorge. The Charivunga Gorge results show deep, consistent mineralised strataform zones commencing at 120m vertical depth, and up to 240m thick and at least 200m wide. The mineralization is open to the west (updip). This updip zone is close to the Kupers open cut as currently designed, and could form an extension to this open cut, or prove to be a stand alone open cut. Given the close proximity of the updip zone, it would be easily accessible along the proposed mine haul roads and would provide a logical extension to the current seven year mine life. Interpretation of the Charivunga Gorge drilling results, supported by scattered moderate to high grade soil sample values in the area, indicate that near surface mineralisation is likely to exist. Read more
Australian Solomons Gold Limited Gold Ridge Update
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Australian Solomons Gold Limited (”ASG” or the “Company”) (TSX:SGA) today announced that it is recommencing exploration activities with a 1,000 metre drill programme to test for updip extensions of the mineralisation discovered beneath the Charivunga Gorge. The Charivunga Gorge results show deep, consistent mineralised strataform zones commencing at 120m vertical depth, and up to 240m thick and at least 200m wide. The mineralization is open to the west (updip). This updip zone is close to the Kupers open cut as currently designed, and could form an extension to this open cut, or prove to be a stand alone open cut. Given the close proximity of the updip zone, it would be easily accessible along the proposed mine haul roads and would provide a logical extension to the current seven year mine life. Interpretation of the Charivunga Gorge drilling results, supported by scattered moderate to high grade soil sample values in the area, indicate that near surface mineralisation is likely to exist. Read more
