Canadian junior Goldrea Resources (GOR-V, GORAF-O) reports that the latest drilling on its Daye gold property near Rushan City in China’s Shandong province has extended the Jingkou zone another 200 metres to the south.
Goldrea says that with these two latest lintersections, Jingkou now has eight drill holes, three surface trenches, and a shallow exploration shaft that confirm the existence of a definable mineralized zone that should “add considerably to the mineral resource of the property.”
The two latest holes cut 2 metres (from 261 metres) of 1.31 grams gold and 1.1 metres (from 172 metres) of 0.9 gram gold.
Goldrea is now beginning work on the Shanxi Zone at the eastern end of the Daye structure, where two encouraging holes were drilled by a previous Chinese operator.
Meanwhile, a shaft being sunk towards the deeper part of the South Shijia zone has reached 77 metres.
Goldrea has hired White Rock, B.C.-based Tortuga Merchants help it seek out further business opportunities in China, beginning with a proposed acquisition of the operating Shandong Daye gold mine, which is contiguous to Goldrea’s existing active gold exploration projects in Rushan, China.
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