ActivEX (ASX:AIV) intersects up to 34.6g/t gold at Mt Hogan

• ActivEX (AIV) intersects up to 34.6 g/t gold from the Mt Hogan historical gold mine within its Gilberton gold project in North Queensland
• Reverse circulation drilling was completed to test the extent of the known gold mineralisation at depth and along strike extensions
• Initial results saw a peak intersection of four metres at 12 g/t gold including one metre at 38.5 g/t gold, with today’s results providing additional high-grade intersections
• The company says the results leave it on track to meet its goal of further defining the multiple gold lode system at the Mt Hogan mine
• ActivEX has ended the day 14.3 per cent in the green with shares trading at four cents

ActivEX (AIV) has intersected up to 34.6 grams per tonne (g/t) gold from the Mt Hogan historical gold mine within its Gilberton gold project in North Queensland.

Reverse circulation (RC) drilling was completed with 38 holes, for 4275 metres, drilled to test the extent of the known gold mineralisation at depth and along strike extensions.

Results have been received for the remaining 29 holes with a best intersection of one metre at 34.5 g/t gold.

Other results include two metres at 7.6 g/t gold from 16 metres including one metre at 13.45 g/t gold from 16 metres, and one metre at 10.65 g/t gold from 27 metres.

Results for the first batch of holes were received in mid-July which saw a peak intersection of four metres at 12 g/t gold including one metre at 38.5 g/t gold.

“Interim assay results for the first nine RC drillholes previously revealed multiple intersections of high-grade gold mineralisation. As shown today, the second batch of results provided additional high-grade intersections,” Managing Director Mark Derriman said.

“Results of this calibre leave the company on track to meet the primary goal of its 2022 drilling operations; to further define the multiple gold lode system at the Mt Hogan mine, in addition to extension drilling along the seven kilometre mineralised zone.

“In addition, the next phase of drilling will further extend our understanding of the multi-lode gold system to the east and west of Mt Hogan, which has only been lightly drill tested to date.”

ActivEX has ended the day 14.3 per cent in the green with shares trading at 4 cents.