Exploration has wound down at the Marudi Mountain gold project in southern Guyana.
Sutton Resources (VSE) drilled 2,600 metres in nine diamond drill holes to test seven targets.
Five holes tested five separate regional targets within broad geochemical soil anomalies, but none of the holes returned ore-grade values. Two holes on the Marudi Mountain anomaly returned gold values. Hole 93-85 intersected 36 metres from 72 metres to 108 metres grading 2.1 grams gold per tonne. Hole 93-86 intersected 24 metres grading 1.4 grams from 150 metres to 174 metres.
One hole was drilled below the known resource extent on the Mazoa Hill zone. Preliminary estimates put the resource at 6.05 million tonnes grading 2.23 grams.
The new hole intersected 67 metres grading 4.1 grams from 219 metres to 286 metres and included a 31-metre section grading 7.5 grams.
Future work will include further drilling to define the depth extension at Mazoa Hill and check a magnetic anomaly to the west of Mazoa. The company will also test other regional targets and further evaluate the reserve potential at Marudi Mountain.
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