KLG reports gold-silver results from recent drilling
Tuesday, September 18 2012 - 03:16 AM WIB
Kalimantan Gold Corporation (KLG) has reported the new gold-silver results from recent drilling by Tigers Realm Metals (TRM) as part of their first stage exploration activities on the Jelai Epithermal Project.
The company said in a press statement that the northwest quadrant of the Jelai IUP license hosts at least three discrete, sub-parallel, north-south trending epithermal structures, the Mewet, Sembawang and Nyabi vein systems.
A program of 11 holes (all drilled towards the East), for 3,129.4m of drilling, has been completed. Drill holes targeted high grade shoots at deeper levels of the epithermal gold - silver vein systems at north Mewet, north Sembawang, south Sembawang and along the untested central and southern extensions of the Nyabi vein system.
In Mewet, a total of eight TRM holes have tested 400 meters of strike length along the North Mewet vein system, to depths of up to 300 meters. All assays have been received assays have been received for the Mewet (MEW series) drill holes.
In Sembawang, two holes have been drilled along the Sembawang vein system to date. A single hole drilled at the northern end of the Sembawang vein, near the summit of Bukit Cinta, and the second hole tested the southern limits of the mapped portion of the vein.
Assays have been received for north Sembawang DDH (SEM6700-01), and pending for south Sembawang DDH (SEM5700-01).
In Nyabi, the first hole targeted a strong gold in soil geochemical anomaly defined at the poorly exposed southern strike extension of the Nyabi vein. A second hole is currently underway, targeting the central portions of the Nyabi structure where three interpreted veins intersect. Assay results from the first hole are pending.
Results from TRM drilling are now being analyzed by KLG's consulting geologist and conclusions will be released as soon as they are available.
Editing by Benget Besalicto Tnb.