Aurora yields new zone for Denison, S.A. Goldfields

A new gold zone and the possible extension of a zone at the Aurora joint venture property in Guyana, South America, have been reported by South American Goldfields (TSE) and Denison Mines (TSE).

The latest discovery brings to five the number of mineralized zones uncovered by Denison’s Guyanese subsidiary, which is the operator and which has completed 52 drill holes. Denison has a 60% interest in the project and South American the other 40%.

The two new discoveries are the Aleck Hill depth extension and South Mad Kiss zone.

South American said the latest Aleck Hill hole, AD51, cut 12.3 metres grading 8.4 grams gold per tonne at a vertical depth of 225 metres, the deepest intersection on the property to date. The hole undercuts holes AD21 and AD4 on the same section. Minable widths have been traced along a strike length of 300 metres.

Six holes intersected South Mad Kiss, demonstrating a strike length of about 250 metres and depths to 100 metres, South American reported. The zone is open in all directions.

The company said South Mad Kiss holes AD49 and AD50 indicate steeply dipping subparallel zones; among other assays, AD49 cut 4.1 metres of 8.9 grams and AD50 cut 4.8 metres of 12.8 grams and 2.7 metres of 8.5 grams. South American said a drilling program of 20 holes has been proposed to evaluate the zones and probe a number of untested soil geochemical anomalies. The Aurora property hosts a former producing gold mine whose underground workings reached a depth of 85 metres.