Golden Peaks - 18.85m at 4.4 g/t Au intersected at Tanoyan
Tuesday, September 13 2011 - 02:14 AM WIB
This hole intersected gold-bearing quartz vein over a drilled width of 18.85 metres, approximately 70 metres below surface:
? TND 075: 18.85 metres at 4.4 g/t Au from 96.2m, including 2.0 metres at 33.0 g/t Au from 98.25m
? The TND 075 result is considered important for several reasons:
The company said the result confirmed the strength of the Sondana vein system to the north and demonstrated the potential for relatively deep, high-grade mineralization.
The structural knowledge about Tanoyan is reaching a high level whereby it is possible for the company's geologists to target the auriferous quartz veins even where little or no surface indications are evident, it added.
Golden Peaks ' President Scott Emerson commented: "The completion of hole TND 075 is an important milestone as it is the richest gold intersection made so far by the company. It opens up the exciting potential of the northern section of the Sondana vein and it shows that relatively deep veins at Tanoyan can host very high grade gold. Rig 1 continues to drill the northern sections of the Sondana vein and additional results are expected in due course. The planning for the 10,000 metre Phase 2 drilling program is at an advanced stage and will include follow-up of the exciting result in TND 075" (alex)