Golden Peaks reports Sulawesi drilling progress

Vancouver-based exploration firm Golden Peaks Resources Limited reported Tuesday that drilling on the Tanoyan Gold Project on Sulawesi Island has completed 1877 meters (15 drill holes) of the initial 5000 meter drill program.

The first holes tested for extensions of high-grade mineralisation intersected previously within the Sondana Vein in hole TND002, the company said.

Currently there are 2 drill rigs operating around the clock on the project, the second drill rig was moved from Palopo to Tanoyan in early May to accelerate the drilling. This is allowing work crews on the Palopo gold project to map the possible extension of Mangkaluku vein system prior to the proposed drill program, it added.(alex)