Results from ongoing reverse-circulation drilling are being used to determine the distribution of gold mineralization at the Tamberlin project in western Guyana.
By drilling through the saprolite rock and testing up to 15 metres of the bedrock, Guyana Gold (VSE) is developing a geochemical profile of the target areas. The company has tested four areas with 263 holes totalling 38,000 ft.
From the 209 holes assayed to date, grades are as high as 19 grams gold per tonne over the 3-metre sample intervals. The mineralization in the four target areas occurs in narrow, high-grade shear zones separated by large areas of low-grade material. As no intersections of sufficient length were encountered, Guyana has no plans to proceed with any further work in these areas. The company will continue to drill new target areas at its South American project, based on its interpretation of geological and geochemical data.
Meanwhile, a reclassification of the geological resource at Guyana Gold’s Sabi mine in Zimbabwe has resulted in proven reserves of 240,456 tonnes grading 5.1 grams gold per tonne, with probable reserves estimated at 3.5 million tonnes averaging 5.82 grams. Additional possible reserves are calculated at 3.1 million tonnes grading 5.14 grams.
Guyana Gold, through its 92.7%-owned Zimbabwean subsidiary, acquired a 55% interest in the Sabi mine a few months ago, with the remaining 45% interest held by the Zimbabwe state mining company. The partnership is committed to upgrading annual production, over a 2-year period, to more than 40,000 oz. annually from the current level of 12,000 oz.
The Sabi operation produced 1,141 oz. in May at a cash cost of US$211 per oz., and 974 oz. during June.
Be the first to comment on "Guyana Gold works Tamberlin"