8th Oct 2014 07:21
LONDON (Alliance News) - GoldBridges Global Resources PLC Wednesday said deep drilling results from its Sekisovskoye underground development project in Kazakhstan confirmed its belief in the continuity of the ore body to depth.
The results will be included into the forthcoming Venmyn Deloitte competent person's report, which is expected to be released during the fourth quarter.
According to GoldBridges, 103 holes were drilled for a total of 8,786 metres at the Sekisovskoye underground development project from the beginning of 2014 to the end of August.
Gold exploration work focused on near- to mid-term ore delineation drilling, mid-term resource drilling and deep drilling. According to GoldBridges, near to mid-term drilling demonstrates gold intercepts of 16 metres at 9.8 grams per tonne of gold, 8 metres at 13.1 grammes a tonne gold and 4.6 metres at 24.1 grammes a tonne gold.
The company said best deep drilling intercepts were identified as 45 metres at 6.1 grammes a toone gold and 39 metres at 5.5 grammes a tonne gold.
GoldBridges shares were Wednesday quoted up 1.8% at 2.85 pence.
By Samuel Agini; [email protected]; @samuelagini
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