Sihayo discovers encouraging gold mineralisation at Sarahan Vein
Friday, July 6 2012 - 09:03 AM WIB
ASX-listed Sihayo Gold Limited recently updated the drilling results at its Sarahan vein zone, one of over 25 major veins identified and mapped within the company's Hutabargot Project in North Sumatra
Surface mapping, rock chipping, historic drilling and intermittent turn of the 19th century Dutch local mining defined a 600m strike length of gold mineralisation along an overall 2.2km strike length of the Sarahan Vein Zone. An exploration diamond drilling program of 9 diamond drill holes for l000m has been completed as infill exploration drilling accumulating to a total diamond drilling at 2,548.35m to date.
Two drilling, particularly HUTDDO32 and HUTDDO38 has given positive results, each at 4.Sm @ 6.37g/t Au from 43.4m and 5.lm @ 2.29g/t Au from 116.lm respectively.
"The high grade intersections within the Sarahan Vein Zone are extremely encouraging because they clearly demonstrate the gold mineralisation potential of the broader prospects. We have world class intermediate sulphidation exploration targets to explore across the greater 6km x 2km Hutabargot project," company senior project geologist Rene Gonzales said in a statement submitted to the Australian Stock Exchange.
Future diamond drilling, the company said, will test potential of the high grade ?mineralised shoots? and ultimately the greater strike length of the Sarahan Vein Zone. The aim of the next drilling program will be to determine if the Sarahan Vein Zone can be upgraded into an Inferred Resource.
The Hutabargot Prospect is located on the south eastern portion of the 11.5km long Sihayo Hutabargot mineralised trend. Historic drilling at the project yielded a best significant intercept of Sm @ 36.7 g/t Au from 47m from quartz-sulphide veining at the Ali Vein. Bonanza grade rock chips (up to 136 g/t Au) have been collected from a number of locations within the Hutabargot Prospect.
Editing by Er Audy Zandri
