Sihayo finds high gold deposit at Hutabargot Julu

By Puspita Maylana Devi

ASX-listed Sihayo Gold Limited recently stated it has received the final assay results from its scout drilling program at Hutabargot Julu prospect, targeting three areas along the approximate 4 km North-South mineralised structure.

Hutabargot Julu prospect is located on the south eastern portion of the 11.5km long Sihayo Hutabargot mineralized trend, which is about 10km southeast from the Sihayo-Sambung JORC Compliant Resource of l7Mt at 2.7 g/t Au for 1.5 Moz Au.

Fifteen holes (HUTDD040 to HUTDD054) were completed with a number of significant shallow high grade gold and silver intersections (Note: Holes 40-51 were released previously and Hole 46 is updated), while HUTDD046 significant intersection updated based upon revised assay result, and HUTDD052 meets significant gold and high grade silver intersection.

"Each drill section has delivered significant to high grade gold and/or silver mineralsation. The drilling confirms that the structure has continuity and attn cute; to host significant go id-silver mineralisation. Higher silver grades (up to 1,110 g/t in HUTDD044 from 36.8 tc 7.Sm) are associated with a ?substantial?s boiling zone showing quartz manganese oxide after rhodorcrosite veining overprinted by crustiform-colloform quartz veining Refer Cross section," the company said.

All high gold and silver intersection are located along 600m of a potential 4km atructure and within 10km of the proposed Sihayo-Sambung CIL Plant.

Scout drilling of these targets commenced in November 2012. Three targets have been tested by 15 drill holes for 1,626m of drilling.

Editing by Er Audy Zandri