East Asia Minerals says its phase one drilling program at the Sangihe Gold-Copper Project has revealed positive results. The 4600 metre drill program is divided between the mineralization zone extensions at Binebase and Bawone, and scout holes at the Kupa and Taware areas that will total 1000 metres.
Initial assay testing is under way with the company receiving results for two holes. Highlights of these holes include an average grade of 1.4 grams/tonne gold and include 3.7 metres @ 2.5 grams/tonne gold and 3.92 grams/tonne from 1.6 metres to 9.35 metres. The drilling is expected to be completed soon, with all assay results announced by July.
“We are very pleased with these results which are in-line with the resources and grades identified in the NI 43-101 technical report,” says East Asia’s vice president of exploration Frank Rocca. “The results may also enable us to extend the resource, as earlier drilling identified another mineralization intersection to the southwest.”
The company’s chief executive officer Ed Rochette says, “These initial results demonstrate the potential at Sangihe to extend the existing resource and further develop a high quality mineral resource. Once we have complete results on this phase of drilling, we will move to drilling other prospective areas and start metallurgical studies to consider processing options.”
A 10,000 metre second phase program is planned to begin later in 2013 to identify resource extensions and definitions at Binebase, Bawone and Taware, and drill scout holes to test for extensions from Bawone to Salurlang.
Further scout holes are planned for the Kuring and Kupa valley prospects which are known to contain high grade veins and have had extensive artisanal mining activity. Trenching samples retrieved by the company from Kupa have been assayed at 30 grams/tonne.
Sangihe has an existing NI 43-101-compliant inferred resource of 27.3 million tonnes @ 0.95 grams/tonne gold and 13.58 grams/tonne silver for 836,718 ounces of gold and 11,927,237 ounces of silver.