Having completed its 1994 drilling program on the Marudi concession in southern Guyana, Sutton Resources (VSE) will next determine capital and operating costs for an open-pit mine.
Two deposits, Marudi Mountain and Mazoa Hill, are known to host a combined resource of 9.6 million tons grading 0.07 oz. gold per ton at a stripping ratio of 2.5-to-1.
Mazoa Hill contains most of the resource (7.4 million tons grading 0.075 oz.), and Sutton continues to evaluate additional targets on the concession. Selected results from recent drilling are as follows:
Hole Interval Width Gold
(ft.) (ft.) (oz./t)
104 118.0-246.0 128 0.227
113 147.6-216.6 69 0.113
295.2-689.2 394 0.092
115 49.2-413.2 364 0.167
117 88.6-442.6 354 0.065
119 137.8-364.1 226 0.185
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