Red Mountain Mining has produced exceptionally high grade trenching and surface rock-chip results from extensions of the Main South West Breccia (SWB) Lode, on its Lobo prospect at the Batangas Gold Project in the Philippines.
The new trenching results include: 7 metres @ 20.5 grams/tonne gold in Trench 50; 7 metres @ 11.5 grams/tonne, including 1 metre @ 50.9 grams/tonne in Trench 47; and 5 metres @ 8.83 grams/tonne including 1 metre @ 29.3 grams/tonne Au in Trench 52.
These new results are from trenches in the vicinity of the very high-grade surface rock-chip results announced on August 24 that included 90.4 grams/tonne, 23.1 grams/tonne and 17.9 grams/tonne, from extensions to the Main and Hangingwall Lodes at SWB.
In addition, a single sample from the SWB Main Lode, near previous Trench 38 produced the highest grade result from the SWB trend to date of 151.6 grams/tonne.
The new trenching results have defined a 40 metre strike length extension to the Main Lode that is open to the southwest towards Japanese tunnel, and has not been effectively drilled within the top 50 metres from surface.
Further trenching is in progress, following up a previous surface rock-chip result of 31.7 grams/tonne from the hangingwall of the Tamarind target and test pits/shafts will be developed through the colluvium covering the Tamarind target, where strong soil anomalies indicate a potentially large target on projections of the SWB Main or Footwall Lode, 500 metres southwest of the SWB resource.
Two separate drilling programs are planned to test the SWB Main/Footwall Lode targets: firstly at SWB Extended and secondly the Tamarind target, with the potential to upgrade the SWB resource and potentially discover a new “SWB sized” zone at Tamarind.
Red Mountain’s managing director Jon Dugdale said: “These exceptionally high-grade trenching results have defined a very attractive drilling target, to potentially extend the SWB resource. Drilling will commence as soon as we complete test pitting of the Tamarind target, with the objective of adding to the high grade resource and potentially making a breakthrough discovery.”