Welcome to our weekly feature, TNM Drill Down, focusing on the top gold assays of the past week. Assays are ranked by gold grade x width, as identified by our sister company Mining Intelligence.
Freegold Ventures (TSX: FVL) reported this week’s top gold assay when it released on Oct. 18 the latest six assay results from an ongoing drilling campaign on the Golden Summit project near Fairbanks, AK. Diamond drill hole GS2221 intersected 420.7 metres, grading 1.36 grams gold per tonne from a depth of 294.7 metres, giving it a width x grade value of 527. Along with a second hole, GS2136, drilled in the project’s emerging Tolovana Area, the company interprets the holes as demonstrating the potential for broad zones of higher-grade mineralization. The company aimed GS2221 towards intercepting the downdip of the high-grade mineralization intersected in GS2121, where the bottom 62.4 metres from 492.9 metres depth averaged 4.54 grams gold per tonne and included several other high-grade intercepts. GS2221 intersected 73.1 metres, grading 4.26 grams gold per tonne within the lower part of a broader mineralized zone.
The week’s second-best drill hole comes from K92 Mining (TSX: KNT) and its Kainantu project in Papua New Guinea. The company also announced on Oct. 18 that diamond hole KUDD0017 in the Judd South Zone returned 25 metres grading 18.53 grams gold per tonne from 188 metres depth, for a width x grade value of 463. K92 said the hole recorded several intersections in a dilatant zone. The company explains Dilatant zones have the potential to deliver significant endowments at even moderate strike lengths. The company reports the potential for Kainantu to host several more of the prospective dilatant zones.
The third-best assay result of the week came from Arras Minerals (TSXV: ARK), which on Oct. 19 reported that hole Bg21007 drilled at its Beskauga project in Kazakhstan hit 1,124.1 metres grading 0.4 grams gold per tonne from 46 metres depth, giving a width x grade value of 449. The hole assayed 0.61% copper-equivalent, including 0.25% copper, 1.7 grams silver per tonne and 28.2 parts per million molybdenum. According to the company, the hole demonstrated the continuity of the copper-gold mineralization over broad intervals, with high-grade mineralization dipping to the south-southwest of the deposit. The host diorite is said to be continuously mineralized throughout, and the hole remains open at depth, ending in high grades up to 0.78% copper-equivalent.
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