Aureka (ASX:AKA) Managing Director James Gurry says the Comstock Project in Victoria represents a potential “future pathway to small-scale production”, after intersecting visible gold in multiple intersections.
The company says the seven occurrences suggest there is potential to also increase the current inferred resource declared for St Arnaud Comstock earlier this year.
The current resource contains 1.45 million tonnes @ 1.21 grams per tonne gold for 56,500 ounces of gold.
Hole 25NED002 intercepted multiple quartz veins containing visible gold between 115.4m and 124.1m downhole. Logging and sampling of the drill core from this hole remains in progress.
Assays are expected in due course, once finalised from the laboratory.
Aureka says future drill programs at Comstock will aim to continue targeting additional down dip and down plunge extensions of the Comstock reef system and expand upon the maiden inferred resource.
The Comstock prospect sits on the eastern margin of the Stawell geological zone of the Lachlan Orogen within the Saint Arnaud Group metasediments.
Aureka is a gold explorer focused on discoveries in Victoria’s gold region.
Write to Aaliyah Rogan at Mining.com.au
Images: Aureka
