New very high grade gold surface results from Red Mountain Mining’s Batangas Gold Project have extended the early mining zone at South West Breccia (SWB) lode by up to 50 metres. They will add substance to a new resource model, which is due soon, for an at-surface, high-grade early mining target.
The results are from the SWB lode extended area, including a partially excavated lode in Trench 38 that returned a 3.0 metre wide intersection averaging 24.2 grams/tonne gold, including 1 metre @ 39.5 grams/tonne, excavated below previously announced high-grade boulders that produced gold results of 33.5 grams/tonne, 27.7 grams/tonne and 22.5 grams/tonne.
This new zone is the interpreted extension of the SWB Main Lode and extends this zone by 50 metres to the southwest of previous testing on this structure. The lode exposure is interpreted to be steeply dipping and was not tested by a previous vertical hole drilled into the immediate hangingwall.
Red Mountain’s managing director Jon Dugdale says, “This new high grade gold intersection confirms that we have found the extension to the Main SWB lode, which remains untested for up to 50 metres southwest of previous drilling.
“There is now significant potential to add to the high grade SWB resource and early mining target through continued trenching and future drill testing.”
Other results included Trench 37 extended that intersected 10 metres @ 1.17 grams/tonne from colluvium overlying the hangingwall lode structure.
The new resource model will be for the outcropping high-grade early mining targets within the 500 metre exposed SWB corridor, which includes the SWB Extended, Japanese Tunnel-Trench 7 area and the Limestone Target.
This will be integrated with the existing resource model for SWB that includes an indicated resource of 210,000 tonnes grading 6.3 grams/tonne gold and open pit mining inventory included in the definitive feasibility study in progress of 174,000 tonnes @ 6.8 grams/tonne.