Ongoing exploration at a new gold discovery in South Korea has returned more encouraging results for
Ten trenches dug across one of the veins yielded 1.2-102.1 grams gold and 0.6-645 grams silver per tonne over 2-4.5 metres. The trenches were spaced 12.5 metres apart to cover 112.5 metres of strike length.
A follow-up trench, dug along 30 metres of the vein’s strike, between trenches 7 and 10, returned higher grades over narrower widths where it intersected those trenches. The best result was 3.6 metres grading 603 grams gold and 4,259 grams silver.
The discovery, announced earlier this year, is said to be a low-sulphidation, epithermal gold-silver prospect surrounding four prominent hills. Mineralization is hosted by veins, breccias and stockworks in zones of silification.
Several drill holes were recently sunk in the low-lying areas to test for the continuation of mineralization between the hills. Previously, 17 holes had been sunk in three of the hills to reveal mineralization down to a depth of 200 metres below surface.
The highest grade reported was 163.45 grams gold and 50.2 grams silver over 1 metre, whereas the widest intercept, at 5 metres, graded 14.38 grams gold and 5.9 grams silver. The deepest mineralized intercept ended 120 metres down-hole after turning up 3 metres with 3.39 grams gold and 3.88 grams silver.
Drilling has switched back to the hills so as to provide sufficient data for a resource estimate. Holes will be directed below the trenches.
Drilling and trenching also in progress at a second discovery — four veins situated about 30 km away. The grades encountered so far have been generally lower than those from the other discovery. The best drill result is 3.1 grams gold and 160 grams silver over 4.9 metres.
Mineralization at both systems remains open along strike and at depth.
Be the first to comment on "Ivanhoe homes in on discovery"