Drilling on the Penedono gold concession in Portugal returned mixed results for Greystar Resources (GSL-V).
The company drilled seven holes, including two to test the downdip projection of a vein that assayed 11 grams gold per tonne across 6 metres in a test-pit at surface. The holes returned 1.56 grams gold over 2.4 metres and 5.15 grams over 2.75 metres.
The other five holes returned vein intersections but only anomalous gold and silver values.
Several veins and vein systems on the property have yet to be tested, and Greystar is formulating plans for future work.
International Skyline Gold (ISC-T) can back-in for a 25% working interest in Penedon, out of Greystar’s 70% interest. Portuguese partners hold the remaining 30%.
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