Global Metals Exploration (ASX:GXN) announced they have extended the gold anomaly at their Jutson Rocks to 1.9km along strike, and the zone remains open to the north and the south. The company will plan a second campaign of Air Core drilling before moving to Reverse Circulation Drilling.
According to the company, the intercepts they received back from the lab are highly anomalous, as the company was only focusing on the secondary geochemical dispersion zone.
Of interest are the intercepts at the central of 3 meters at 1.08g/t gold and 16 meters of 0.355 g/t gold. These grades obviously aren’t shocking, but are encouraging and warrant further exploration efforts.
At the Tankard prospect, not a single intercept returned gold values higher than 7ppb (0.007g/t gold). Even though this is disappointing, the company will drill-test the Tankard zone further, by drilling closer-spaced drill holes.
> Click here to read the press release
Disclosure: The author holds a long position in Global Metals. Global Metals Exploration is a sponsor of the website. Please see our disclaimer for current positions.
