Accelerate moves to drill promising gold targets at Rossland project
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Special Report: Accelerate Resources has discovered strong gold anomalies along strike from previously mined deposits at its Rossland gold project in British Columbia, Canada.
The gold anomalies were found after Accelerate Resources (ASX:AX8) carried out an electromagnetic survey over the Gertrude prospect in the northern part of the Rossland project.
“These geophysical results further indicate that the high-grade veins and mine sequence of the 2.7 million ounce Le Roi gold mine extend into the Rossland gold project, in particular the Gertrude prospect area,” managing director Yaxi Zhan said.
Accelerate Resources recently acquired the Rossland gold project, which surrounds the historical high-grade Le Roi mine, from Canadian company Currie Rose Resources.
Le Roi produced 2.7 million ounces of gold over a period of 50 years up until 1941.
The electromagnetic survey was designed to cover the entire area of the Gertrude prospect.
Data from the survey was processed by Southern Geosciences Consultants in Perth and was combined with historical drilling data in the Gertrude prospect area.
Significant anomalies were revealed at Gertrude from the data, including a historic drilling target that returned 21.5m at 17.18 grams per tonne (g/t) gold from 151m.
The data suggest the presence of either a repetition of anomalous zones or down dip anomalies at Gertrude.
At the very north-eastern part of the Gertrude survey, a very strong electromagnetic anomaly was identified extending for more than 600m with an off-setting fault, which is yet to be drilled.
Accelerate Resources aims to drill the Gertrude prospect and others at the Rossland project in the coming weeks.
Accelerate Resources has two other gold projects, Mt Monger and Comet in WA, and recently acquired the Tambellup kaolin project near Albany in WA.
This article was developed in collaboration with Accelerate Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.