Golden Star drills for gold in Guyana

Preliminary drilling at the Eagle Mountain project in central Guyana, 80 km west of the Omai gold mine, is returning significant gold grades for Golden Star Resources (GSR-X).

Drilling at the Kilroy zone, the main target, encountered significant mineralization in 18 of 19 holes. In all, the company completed 27 holes in a 2,400-metre program. The program tested geochemical anomalies that were identified following the collection of 5,000 surface, soil, deep auger and trench samples.

The 750-by-200-metre Kilroy zone is the largest of those anomalies.

Highlights from the drilling include:

* 28 metres grading 3.8 grams gold per tonne in hole 3;

* 19 metres of 3.5 grams in hole 5;

* 26 metres of 2.6 grams in hole 6; and

* 13 metres of 2.7 grams in hole 8.

According to the company, the deposit contains at least 4 million tonnes grading 1.4 grams gold. That inventory comprises 2 million tonnes of saprolite and 2 million tonnes of transitional material between the saprolite and unweathered rock.

To date, the company has identified four stacked collapse breccia zones hosted within, or along, the margins of a granodiorite unit intruding mafic volcanic rocks. Golden Star believes the mineralization, alteration and structural features suggest that Eagle Mountain contains a polymetallic porphyry system.

Drilling at the Millionaire, Minnehaha and No. 1 Hill zones recovered lower-grade mineralization averaging 0.5 gram per tonne.

The company has given greater priority to the property as a result of these encouraging intercepts. Additional drilling is planned for next year.

Golden Star is searching for additional saprolite mineralization to supply the mill at its 30%-owned Omai gold mine. Cambior (CBJ-T) owns a 65% interest in that operation and acts as operator.

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