Brisbane, Nov 24, 2008 AEST (ABN Newswire) - D'Aguilar Gold Limited (ASX:DGR) and its wholly‐owned gold‐focussed subsidiary Central Minerals Pty Ltd are pleased to announce further significant gold‐silver intersections at four prospects in the central area of the large Rannes Gold Project in Central Queensland.
Highlights
- Further thick gold - silver intersections from Crunchie Prospect, Kauffmans Prospect and Homestead Prospect
- Crunchie Prospect mineralised zone is up to 60 metres true thickness - intersections include 36m @ 2.12 g/t gold equivalent* (Au Eq), 30m @ 2.44 g/t Au Eq, and 32m @ 2.75 g/t Au Eq (* refer Footnote and Tables 1 ‐ 3)
- Kauffmans Prospect extended southwards from last year's exploration - intersections include 40m @ 2.02 g/t Au Eq and 14 m @ 4.08 g/t Au Eq
- Homestead Prospect - high grades intersected, including 32m @ 2.54 g/t Au Eq
- Drilling has continued at Homestead and Porcupine Pie Prospect - results awaited
- Extensions to all four prospects are considered likely on the basis of historic drilling data and new prospects are still being discovered across this emerging major gold district.
CRUNCHIE PROSPECT
Updated drill hole assay results from the Crunchie Prospect are shown in Table 1. The drill cross sections (refer Figure 3) and Plans (refer Figure 4) demonstrate that the Crunchie deposit has up to 60 metres true thickness and good continuity. The principal geological control appears to be a low angle thrust fault that forms a hanging wall (deposit top surface) which dips northwards. This new geological understanding of the deposit indicates a drill target zone with a length of more than 300 metres and a width of approximately 200 metres. The deposit remains open along strike in both directions and is open at depth.
To date, the length‐weighted average combined grade of intercepts above a cut‐off grade of 0.3 g/t Au Eq is approximately 1.50 g/t Au Eq. The size and grade of this mineralised zone at Crunchie are considered to be very encouraging for the discovery and delineation of a viable open pit deposit that can be bulk mined in the future using cheap, non selective mining methods like those used in the Carlin Trend gold mines of Nevada USA which has geological similarities with the Rannes Gold Project.
Contact
Mr Nicholas Mather
Managing Director
Tel: +61-7-3303-0680
Mob: +61-417-880-448
Mr Greg Runge
General Manager - DGR Group
Tel: +61-7-3303-0680
Mob: +61-418-546-739
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