Trigg Minerals Ltd (ASX:TMG) has discovered a new epithermal system through drilling at its Old Glenroy gold project in Queensland, with the first reverse circulation and diamond drill hole at the SW Limey target picking up a notable alteration zone from 160 metres to the end-of-hole (EOH) at 402 metres, and open at depth.
The discovery was made after the completion of three holes from a six-hole drilling program to test anomalies identified at SW Limey and another target, Breccia Hill, in June this year.
Historical vein sampling at the SW Limey – which features a Pajingo analogue never before drill tested – has revealed grades of up to 54.4 grams per tonne.
Taken together, the preliminary logging of this data points to a new epithermal system which becomes more intense to the east and north, Trigg says.
Trigg has completed sampling from this work, and expects results to come in during the fourth quarter of 2024.
Non-executive chairman Timothy Morrison said the territory continued to yield impressive mineralisation discoveries, vindicating the company’s efforts there.
“Trigg’s engagement and collaboration with the technical experts at Global Ore Discovery continues to result in rapid hits of exploration milestones on our Drummond Basin Au projects,” he said.
“The discovery of a new epithermal system is a fantastic technical success for Trigg with follow-up targeting along this new structural trend well warranted.”
At 14:32 AEDT, Trigg shares were trading at 4.3 cents – a rise of 19.44% since the market opened.
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