Good values at Gilt Edge mine

The final hole drilled by Dakota Mining (TSE) at its Gilt Edge gold mine near Deadwood, South Dakota, has resulted in some encouraging values.

The longest and highest-grade intercept averaged 0.67 oz. gold per ton across 215 ft. at a depth of 290 ft.

The remaining five intercepts ranged between 0.22 and 0.62 oz. across widths varying from 5 to 35 ft.

In total, the Anchor Hill deposit was subjected to 9,475 ft. of reverse-circulation drilling. It is expected the results will enable Dakota to increase the current number of contained ounces, which is 200,000. A recalculated figure will be announced later in February.

In addition, Dakota plans to conduct more drilling to the southwest, where the deposit remains open.

Dakota, together with Geobiotics, is investigating the use of bioxidation techniques to increase the gold recovery rates on the Gilt Edge deposit. Field tests demonstrate recovery levels can be increased by 20%.