7th Apr 2014 09:59
LONDON (Alliance News) - Aureus Mining Inc Monday said further drilling at its Ndablama gold project had expanded the mineralised system at the site.
In a statement, the company said it now has an additional eleven diamond drill hole results from the phase four drilling programme at the site, meaning that 70% of the current programme has now been completed.
To date all drill holes have intersected the mineralised system and confirm the shallow westerly dip of about thirty degrees, the company said, adding that the mineralised body is still open in all directions.
"The latest drilling results at Ndablama highlight the contiguous nature of what appears to be an extensive mineralised system, linking the deposits of Leopard Rock with Ndablama," Aureus President and Chief executive David Reading said.
"This system is both open down dip and along strike and the opportunity of defining further resources in the large pressure shadow corridor provides yet further upside to the Ndablama discovery," Reading added.
Aureus Mining shares were up 1.2% at 30.3475 pence Monday morning.
By Steve McGrath; [email protected]; @SteveMcGrath1
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