Great Northern’s Golden Cup runneth over after new mineralisation find
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Great Northern has wrapped up reverse circulation drilling at Golden Cup which defined new gold mineralisation and was subsequently extended to test for extensions.
Nine holes of the initial 11 hole program totalling 1,022m had intersected mineralisation associated with quartz veining and mixed disseminated sulphides, leading the company to drill a further seven holes totalling 685m to test for extensions of this new find.
Great Northern Minerals (ASX:GNM) said samples from the drilling have been submitted to the laboratory with assays expected in four to six weeks time.
Managing director Cameron McLean said that while the company waited for results, it will turn its attention to drill its exciting Douglas Creek target.
Golden Cup is located on ML 4536 and is part of the company’s Golden Ant project.
The historical heap leach operation produced about 200,000t of oxide ore grading 2.8g/t gold from nine open pits with an average pit depth of less than 15m.
Mineralisation is open along strike and at depth with the current drilling program designed to test at depth, below any previous drilling, the mineralised structures which host the gold in the open pits at Golden Cup.
Golden Cup currently has a resource of 300,000t grading 3.4g/t gold and an exploration target of between 50,000oz and 132,000oz per 100m of vertical extent.
Over at Douglas Creek, mapping and sampling has outlined three large zones of high grade Intrusion-Related Gold System mineralisation.
This article was developed in collaboration with Great Northern Minerals, 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.