High Grade Gold Continues at Gwendolyn
Sydney, Sep 18, 2012 AEST (ABN Newswire) - Vector Resources Limited (
ASX:VEC) is pleased to announce that it has received further assay results from the drilling of the Phase 3 and 4 reverse circulation (RC) programs at the Company's Gwendolyn East Project in Western Australia.
The single metre and four metre composites received are a combination of extensional and infill drilling. These results identify that the mineralisation envelope continues to expand.
The exploration team have been testing multiple areas surrounding the historic open pit and extensions of the known mineralisation envelope while completing the infill drill pattern within the mineralisation envelope.
The company is continuing its targeting of the western extension at depth with follow-up holes planned to depths of 250 metres after the initial 10 holes hit large intercepts of mineralisation.
Additional drilling has been carried out in areas for the purpose of conducting sterilisation drilling for future waste dump locations. Other results relate to infill drilling and extensional drilling surrounding the historic open pit. The Company continues to expand the understanding of the potential extension of the mineralisation envelope in multiple directions with these continued encouraging results.
The Phase 4 program will continue without any delay, drilling extensional targets in all directions of the known mineralisation envelope.
Significant Upside
Gwendolyn has the potential to increase the current resource, with encouraging fundamentals including:
- High Grade intercepts identified outside current mineralisation envelope;
- Extensional exploration will continue to push existing ore boundaries as a priority;
- Potential high grade conduit identified at depth; and
- Substantial assay results pending.
To view the complete Vector Resources announcement including Tables and Figures, please click the link below:
http://media.abnnewswire.net/media/en/docs/ASX-VEC-604420.pdf
Contact
Vector Resources Limited
T: +61-8-6188-7800
E: contact@vectorresources.com.au
WWW: www.vectorresources.com.au
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