- Greenstone Resources (GSR) intersects up to 59 g/t gold in drilling at the Burbanks North deposit in Western Australia
- The company is in the process of a 15-hole drilling program to test several high-grade plunges from surface
- Three of the 15 holes have been drilled with four reverse circulation pre-collars awaiting diamond drill tails and eight holes yet to be drilled
- The results received so far demonstrate that the highest-grade mineralisation is associated with course visible gold
- Greenstone is up 2.70 per cent on the market with shares trading at 3.8 cents
Greenstone Resources (GSR) has intersected up to 59 g/t gold from the Burbanks North deposit within its Burbanks gold project near Coolgardie in Western Australia.
The company is in the process of a 15-hole drilling program designed to test several high-grade plunges from surface.
Three of the 15 holes have been drilled with four reverse circulation (RC) pre-collars awaiting diamond drill tails and eight holes yet to be drilled.
This drilling is expected to take a further six to eight weeks with assays to be reported on as they become available.
Results have been received for holes BBRC343 and BBRC342 with the data received to date demonstrating that the highest-grade mineralisation is associated with course visible gold.
Results include 10.2 metres at 5.45 g/t gold from 332.8 metres including 0.3 metres at 45.10 g/t gold from 341.9 metres, and two metres at 12.85 g/t gold from 209 metres including 0.4 metres at 59 g/t gold from 209.9 metres.
“We are pleased to provide an update on our current drilling activities, whereby we can now confirm high-grade mineralisation at the newly discovered and unmined Burbanks
North deposit down to a depth of over 450 metres below surface,” CEO and Managing Director Chris Hansen said.
“With four reverse circulation pre-collars already prepped for diamond drill tails, we are excited to test the remaining three plunges at depth, and continue to build on our existing resources through the addition of high-grade ounces at Burbanks North.”
Greenstone was up 2.70 per cent on the market with shares trading at 3.8 cents at 10:30 am AEST.