Spectacular Gold Intercept of 1,165 g/t at Gwendolyn
Perth, May 30, 2012 AEST (ABN Newswire) - Vector Resources Ltd (
ASX:VEC) is pleased to announce that it has received further outstanding assay results from the high priority drilling of the Phase 3 reverse circulation (RC) program at the Company's Gwendolyn East Project in Western Australia.
A review of hole G140 by Aurum Laboratories gave a single metre result of 1,212g/t with a repeat sample of 1,165 g/t within a significant intercept of 5m @ 253.33 g/t. Additional single samples were then sent to SGS Kalgoorlie's laboratory where results of 1,475 g/t were received for the same metre intercept.
This material was also reviewed by Roger Townend and Associates (Consulting Mineralogists) who conducted a mineralogical examination of one drill sample (G140, 25-26 m) and analytical lab pulped split equivalent (S24197) for gold.
This report clearly identified gold mineralisation where the sample was screened into three fractions, -500, +500 and +2 mm. Polished sections were made of each fraction and these were examined with particular reference to gold. Gold was detected in all samples and the report is attached as Appendix 1 (see link). Further investigation showed no signs of hole spearing or contamination of material down hole for this significant intercept.
Vector Chairman, Damien O'Reilly stated "The latest results from Gwendolyn continue to justify our faith in this resource. The naturally rich endowment of the Gwendolyn prospect notwithstanding, and increasingly apparent: it is a credit to our executive management, geologists and drilling crews upon whose efforts, experience and instincts we rely so much upon. With a great deposit and an equally capable and enthusiastic team of professionals, Vector Resources will continue to add value to its portfolio of assets and uphold our commitment to those investors and shareholders who have placed their trust in us."
Hole G140 is located outside the current mineralisation envelope to the south west and has the potential to link previously identified intercepts from holes G037, G039 and potentially further extend the mineralisation envelope. The exceptional gold intercept from hole G140 continues to match trend analysis data that indicates multiple high grade lodes within the global mineralisation envelope.
Previously, five high grade zones were identified as oblique perpendicular bands to the known strike of varying widths. These zones were repeated approximately every 100 to 150m along strike. Examples of these bands were previously identified in holes (G016 + G017 + G019 + G054), (G013 + G014 + G024 + G086 + G087 + G088), (G041 + G083 + G084), (G028 + G029 + G093) and (G001 + G002 + G003 + G004 + G005+ G043 + G071 + G072 + G073 + G074 + G075). Hole G140 has the potential to be the sixth band in the series.
Assay results for five of the eight diamond holes have also been received. These results confirm previously identified high grade plunging lodes to the west within the global mineralisation envelope. Composites have also been received requiring further single metre assaying with grades above 0.8 g/t.
An additional 21, 4 m composite have also been received with results between 0.2 g/t and 0.8 g/t.
For the full tables and charts, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-VEC-591574.pdf
Contact
Vector Resources Limited
T: +61-2-6389-5750
E: contact@vectorresources.com.au
WWW: www.vectorresources.com.au
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