Drilling has enabled Energold Mining (EGD-V) to identify a northwestern trend of mineralization on its El Centenario epithermal gold deposit in the Dominican Republic.
The trend was confirmed by hole 48, which encountered the highest-grade intersection to date: 14.28 grams gold per tonne over 18 metres.
To date, the company has drilled 19 holes for a total of 1,346 metres. The deposit remains open to the east and to the northwest, and an additional 1,500 metres of drilling are planned.
Other highlights include: hole 44, which returned 37 metres grading 3.39 grams gold (including 18 metres of 4.83 grams); hole 45, which returned 9 metres grading 1.34 grams gold, and 11 metres of 0.78 gram gold; hole 46, which intersected 4 metres of 8.36 grams gold, 31 metres of 1.16 grams gold and 15 metres of 1.97 grams gold; hole 49, which cut 0.53 gram gold and 7.5 grams silver over 14.3 metres; hole 50, which hit 0.77 gram gold and 6.2 grams silver over 6 metres; hole 51, which returned 13 metres of 3.17 grams gold; and hole 55, which hit 54 metres grading 2.59 grams gold, 25 metres of 4.98 grams and 15 metres of 6.62 grams.
Energold President Walter Sellmer says the company will attempt to prove up the deposit’s potential to the northwest, east and southeast.
In related news, Energold and Impact Minerals (IPT-V) have begun exploring the Majagual porphryry gold-copper concession, also in the Dominican Republic.
Previous work delineated a gold-copper soil geochemical anomaly measuring 750 metres by 150 metres, which remains open along strike.
To define drill targets, the companies will carry out a comprehensive program of surface exploration.
Impact can earn a 60% interest from Energold by spending $1.25 million over four years.
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