Drills keep turning at Phouc Son

Vancouver — The latest drill results from the Bai Go portion of the Phuoc Son gold property in Vietnam have expanded the high-grade core of the mineralization for partners Olympus Pacific Mineral (OYM-V), Ivanhoe Mines (IVN-T) and Zedex Limited.

Earlier this year, stepout drilling from the high-grade shoot failed to return corresponding bonanza gold grades, prompting a move back to the core of the mineralization. The most recent highlights include:

• Hole 80 — five narrow zones ranging up to 2.83 grams gold per tonne over 3.2 metres from 173 metres down-hole; and
• Hole 81 — six mineralized zones, including an impressive 11 grams gold over 10.5 metres from 113 metres down-hole.

Mineralization at the prospect is associated with multiple quartz veins that measure up to 44 metres in true thickness within the Dak Sa shear zone. To date, 28 holes have tested Bai Go.

Moving 3 km north-northeast of Bai Go, the rigs are drilling three holes into the Bo sector, where a shear zone has been identified over a 600-by-25-metre area.

Olympus began exploring the property in October 1998. The company has a 57.2% interest. Ivanhoe holds a 32.8% stake and New Zealand-based Zedex has 10%.