Highlighting the drilling at Rory’s Knoll is a 171-metre intersection in RKD-8 that graded 2.87 grams gold per tonne from surface. This was drilled 50 metres east of a hole that intersected 205.5 metres grading 1.26 grams gold. Included in this intersection was a 50-metre intercept that graded 2.56 grams gold per tonne from surface.
Another 50 metres east of RKD-8, a hole cut 211 metres grading 2.49 grams gold per tonne beginning at a down-hole depth of 35 metres.
Rory’s Knoll is one of eight mineralized areas within a 1.6-km-by-1.6-km area in the northern part of the property.
Recent drilling at Walcott’s Hill is highlighted by a 70-metre intersection grading 2.58 grams gold from a downhole depth of 20 metres. Another hole, 100 metres north of this, failed to find significant gold over wide intercepts, although a wide altered and sulphidized zone was hit.
Walcott Hill is a quartz stockwork zone in altered (sericitized and silicified) felsic tuff. It is about 250 metres west of Rory’s Knoll. It was the site of advanced exploration in the 1940s, and development included a tunnel, two adits almost 200 metres apart, eight crosscuts and five drifts.
Rory Calhoun, Guyana Gold’s qualified person working on the project explains that the North Aleck Hill, Walcott Hill and Rory’s Knoll all have similar geology and that the “geophysics are going to be very important. They will give us a better handle of what is going on.”
Exploration is expanding to cover more of the 65-sq.-km property; only about one-third of the property has been explored to date. An airborne geophysical survey is being flown at 50-metre line spacing over the entire property and ground follow-up will be carried out. An induced-polarization survey will test Rory’s Knoll.
At presstime, the company had 26.7 million shares issued (32.5 fully diluted) and about $8 million in cash and no debt.
Be the first to comment on "Rory’s Knoll keeps improving (September 27, 2004)"