- Greenstone Resources (GSR) continues to return multiple high-grade gold intercepts at its Burbanks gold project in Western Australia
- The company is currently undertaking exploration activities at Burbanks North, which includes a 6500-metre drilling program
- Recent results from three holes has shown continuity and thickness of high-grade gold mineralisation, with gold grades peaking at 97.28g/t gold
- Eight holes remain to be drilled as part of the current drill program which is expected to be completed within the next four weeks
- GSR shares are up 10.6 per cent and trading at 5.2 cents at 10:42 am AEST
Greenstone Resources (GSR) has continued to return multiple high-grade gold intercepts at its Burbanks gold project in Western Australia.
The company is currently undertaking exploration activities at Burbanks North, which includes a 6500-metre drilling program.
Recent results show that three holes, BBRC340D, BBRC341D and BBRC359D, exhibit the continuity and thickness of high-grade gold mineralisation at Burbanks North.
Hole BBRC340D intersected 4.95 metres at 30.46 grams per tonne (g/t) gold from 292.1 metres, including 1.30 metres at 97.28g/t gold from 292.1 metres, while hole BBRC341D intercepted 6.60 metres at 9.85g/t gold from 395.9 metres, including two metres at 29.09g/t gold.
The third hole, BBRC359D, intercepted 22 metres at 3.32g/t gold from 79 metres including three metres at 12.37g/t gold from 84 metres.
The ongoing drill campaign at Burbanks North has extended known mineralisation to over 450 metres below surface, 500 metres down plunge and 1300 metres along strike.
Managing Director and CEO Christ Hansen is “highly encouraged” by these recent results after returning “multiple bonanza grade intercepts.”
“Since the initial discovery less than six months ago we have continued to be impressed by the continuity and thickness of high-grade mineralisation at Burbanks North which lends to typical underground mechanised mining methods, as exemplified by today’s results,” he said.
“Of importance is that over the past months we have subsequently defined a zone of
mineralisation with a strike extent of over 1.5 kilometres and a depth of 450 metres, which still remains open in all directions.”
Eight drill holes remain to be drilled as part of the current drill program which is expected to be completed within the next four weeks.
GSR shares were up 10.6 per cent and trading at 5.2 cents at 10:42 am AEST.