613m mineralisation and 3D IP
Sydney, Sep 3, 2013 AEST (ABN Newswire) - Sovereign Gold Company Limited (
ASX:SOC) announce that drill hole GHD006 is testing the strike length of Hobbs Pipe 1 toward the WNW (inclined to 82deg).
GHD006 commenced on 26 August 2013 and reached ~613m this morning. Visible mineralisation has been observed from surface.
The strike extent to the ESE will be tested later (GHD007).
3D IP Survey planned
Drill Hole GHD006
- Currently at ~613m
- Strong mineralisation observed throughout from surface
- Testing WNW strike extension of Hobbs Pipe 1
3D IP Geophysical Survey
- Targeting validity of multi-pipe concept
- To commence in September
3D IP
The 3D IP Survey is planned to commence within the fortnight and will consist of 7 arrays over an area of approximately 2 km x 800m.
Induced polarisation surveys are an electrical geophysical survey utilised primarily for the detection and mapping of disseminated sulphide bodies. The data is collected from multiple points and inverted into a high resolution 3D model.
A validation of the multi-pipe concept is planned to follow the 3D IP survey.
To view core samples and location map, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-SOC-753689.pdf
About Sovereign Gold Company Limited
Sovereign Gold Co Ltd (ASX:SOC) is an Australian-based specialist gold exploration company. Sovereign Gold has a portfolio of quality tenements located in Eastern Australia where there is known potential for the occurrence of Intrusion-Related Gold Systems (IRGS). Sovereign Gold has a highly prospective tenement package covering the Rocky River-Uralla Goldfield, 21km southwest of Armidale, NSW, Australia. Sovereign owns the recent Mt Adrah Hobbs IRGS discovery south-east of Wagga Wagga, NSW.
| ||
|
