The group said that diamond drilling is now commencing on the Perky vein, a new discovery vein, where promising assay results were obtained from surface trenching this year.
As previously reported, the company said grab and channel sample results ranged up to 54.0 grams per tonne gold, 303 grams per tonne silver and 397 grams per tonne tellurium. Channel samples assays averaged 22.7 grams per tonne gold, 107.6 grams per tonne silver and 67.0 grams per tonnes tellurium over a sampled length of 10.3 metres.
The Perky vein is a parallel structure to the C.O.D. vein, where most of the drilling has been completed on the property to date. It is located 200 metres west of C.O.D., is vertically dipping, strikes northwest and is exposed over a strike length of 13.8 metres with an average width of 0.44 metres.
GGX said drilling will initially test the vein at shallow depths beneath the surface trench and then follow the structure to increasing depths and along strike.
The Gold Drop property was mined intermittently from 1919 to the 1980s. Historical production amounted to 7,572 tonnes at an average grade of 5.2 g/t of gold and 93.4 g/t of silver, with the majority of production coming before 1942.
Contact the author at firstname.lastname@example.org