Junior explorer Kent Exploration has commenced assessment of graphite intersections in drill core obtained from its Alexander River Gold Project on New Zealand’s South Island.
A 3000 metre diamond drill program began in October last year at the project where Kent completed the first phase geological assessment program in December 2009 and an IP survey in April 2010. The company says graphite is variably present in four diamond drill holes over a strike length of 1km.
Results include that a 43 metre graphitic interval is present from 97 metres to 140 metres down hole. In another drill hole a 24 metre graphitic interval is present from 107 metres to 131 metres. In the remaining two drill holes, graphite is present intermittently from between 128 metres to 217 metres.
“The assessment work, consisting of re-logging, splitting and sampling is expected to be completed soon, with samples to be submitted to SGS Laboratories in New Zealand for graphite analysis,” says Kent’s president Graeme O’Neill.
The Alexander River project is one of three gold prospects owned by Kent in the historical, highly prolific, Reefton goldfield district where mineralization typically consists of high grade free milling gold in veins, often surrounded by a lower grade halo of refractory ore.
The closest major mines to the properties are Blackwater, which produced about 750,000 ounces of gold prior to closing after a shaft collapse in 1952, the 105,000 ounce Big River and the Globe Progress, which reportedly produced about 430,000 ounces of gold from underground workings and which is the location of a newly developed OceanaGold mine.
Historic reports indicate that about 8 million ounces of placer gold have been recovered in the Reefton and district gold camps, and 2 million ounces of lode gold have been recovered from the Reefton mining camp.