Evolution Mining has confirmed the presence of a new high grade epithermal gold shoot at its Cracow gold mine in Queensland. Evolution has named the new shoot Coronation.
Diamond drilling along the Kilkenny structural trend, about 150 metres north of the known mineralization, intercepted 25.4 metres @ 6.47 grams/tonne gold from 611.6 metres, 13.7 metres @ 8.01 grams/tonne gold from 539 metres and 2.3 metres @ 61.53 grams/tonne gold from 505.2 metres.
Exploration drilling along the Kilkenny trend first intersected high grade mineralization in December 2011 with one hole intersecting 35.9 metres @ 6.76 grams/tonne gold from 625 metres. This latest drilling has confirmed the mineralization continues to the north of the active mining operations.
The mineralization occurs within crustiform banded quartz-adularia vein breccia which is typical of the mineralized systems at Cracow. It remains open both up and down plunge and along strike. Evolution will continue infill drilling of the area to test extensions to the mineralization. The company says it hopes to announce an inferred mineral resource later this year.
Cracow is one of Evolution’s Australian gold operations. Its Mt Rawdon and Pajingo sites are also in Queensland and Edna May is in Western Australia. It also owns the 1.3 million ounce Mt Carlton project, which is due to come on line later this year.