Assay results were released by Golden Ring Resources (VSE) from several holes recently drilled on the Bellas Gate copper-gold property in central Jamaica.
Hole 92-15 encountered 150 ft. grading 0.33% copper and 0.006 oz. gold per ton from 44-194 ft., and intersected similar geology and alteration to that observed at the Camel Hill deposit.
Hole 92-01 was drilled to test the Geo Hill prospect, a coincident magnetic and copper geochemical anomaly within the same regional alteration zone as that hosting Camel Hill. The hole encountered 399 ft. grading 0.35% copper and 0.005 oz. gold from 130-529 ft., which includes 150 ft. (from 130-280 ft.) of 0.42% copper and 0.008 oz. gold.
Several recent holes drilled to test other targets on the property returned no significant results. Having completed the current phase of exploration, Golden Ring is now compiling and evaluating data in preparation for further exploration recommendations on the property. The company holds an option to earn a 100% interest in the property from Trev (ASE).
Outokumpu ponders new copper mine
A decision to proceed with construction of a copper mining project at Zaldivar in the Chilean Atacama desert is expected within the next 12 months,
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