Drilling is enhancing the overall potential of Bre-X Minerals’ (ASE) Busang gold project in East Kalimantan, Indonesia.
Seven more holes, representing 2,230 metres of drilling, have been drilled over the past three weeks to test the Southeast zone. Four have intersected gold mineralization at economic grades.
On Section 24, near the southeastern end of the known mineralized area, drill hole 2 intersected 24 metres grading 5.24 grams gold per tonne, then bottomed in 112.3 metres grading 6.5 grams.
Drill holes 4 and 5 intersected 79 metres grading 2.9 grams and 78 metres grading 3.32 grams, respectively.
On Section 1 at the northwestern end, hole 25 cut 50 metres grading 3.72 grams gold. Three other holes, numbered 26 through 28, encountered lower-grade mineralization and propylitic alteration in a zone interpreted as the hangingwall of the mineralized structure that was intersected in hole 25 and during previous drilling.
While this fence drilling continues on a 1,500-metre strike length at the Southeast zone, crews are trenching and sampling outcrops along strike and continue to pick up signs of mineralization.
Bre-X now considers the mineralized system to have a strike length of 6,000 metres, and predicts combined preliminary geological resources of at least six million oz. on the Southeast and Central zones.
Consulting firm Kilborn Engineering plans to deliver an updated resource estimate for the Central Zone by October and a prefeasibility study by December.
Be the first to comment on "Bre-X expands Busang resource"