PC Gold (ASX:PC2) reports assay results from 22 reverse circulation (RC) holes at its Spring Hill Gold Project in the Northern Territory.
The company identified a new ‘high-grade’ zone called North Link, which connects the Eastern Lode and Macau Extended lodes.
The North Link zone returned ‘high-grade’ intersections including 3m @ 7.94 grams per tonne gold (Au) from 106m, 3m @ 6.95g/t Au from 160m, and 1m @ 7.97g/t Au from 26m.
Notable results from the Eastern Lode include 8m @ 3.64g/t Au from 79m, 2m @ 10.03g/t Au from 92m, and 4m @ 1.85g/t Au from 112m.
Meanwhile, the Macau Extended Lode delivered 12m @ 1.88g/t Au from 1m and 13m @ 0.56g/t Au from 11m.
PC Gold reports drilling extended three lodes north of the 1.51-million-ounce (Moz) mineral resource estimate (MRE).
Executive Chairman Ashley Pattison says the drilling has delivered “exactly what it was designed to do” by extending the mineralised footprint north of the current resource.
“All three lodes tested — the Eastern lode, Macau Extended, and the North Link — have been extended along strike, and Macau Extended is now defined over 950m with mineralisation outcropping at surface,” Pattison says.
“The grades are equally encouraging. Excellent high-grade hits […] underline the quality of the system.
“The North Link also shares the same orientation, lithology, and extreme grades as the Spring Hill Link Zone, demonstrating the potential for further repeat Link-style structures to the north.”
The company has completed 32 RC holes for 5,340m with assays pending for the remaining 10 holes.
PC Gold intends to conduct infill drilling on all three lodes for inclusion in the next MRE, diamond drilling for structural interpretation, and investigation of additional Link-style ‘high-grade’ mineralisation further north.
PC Gold is a gold explorer and developer focused on its flagship Spring Hill Project in the Northern Territory.
Write to Paula Fabe at Mining.com.au
Main image: PC Gold
