Sihayo Gold intersects further significant gold mineralisation
Friday, October 15 2010 - 01:10 AM WIB
?Our results continue to be very encouraging and fully support the confidence we have that the overall Sihayo Pungkut gold resource is likely to grow significantly from the current 10.7 Mt @ 2.9 g/t Au for 1.01 million oz, as we continue to drill both to the northwest and southeast of the main Sihayo resource.
"Drilling activity was limited in the month of September due to the religious holiday period in Indonesia, however our four diamond rigs are now back operating at normal levels,? said Chief Executive Officer, Paul Willis said.
Significant intercepts adjacent to the main Sihayo resource include:
SHDD407 3m @ 4.96 g/t Au from 40m and
2m @ 4.45 g/t Au from 104m and
l0m @ 2.28 g/t Au from 109m and
4m @ 1.52 g/t Au from 122m
SHDD408 9m @ 1.80 g/t Au from 27m
SHDD409 9m @ 1.19 g/t Au from 33m
SHDD122 (Re-entry) 8m @ 2.11 g/t Au from 112m and
12m @3.60 g/t Au from 137m
The extension of existing holes has confirmed mineralization. The three re-entry holes completed so far that is SHDD121, SHDD122 and SHDD114 have all successfully intersected mineralisation at the lithological boundary, it said.
These results confirm the geological modelling that identified multiple hard rock primary settings hosting gold bearing economic jasper lodes. There are a total of 29 re-entry holes designated that have potential to further define mineralisation.
The resource extension program is continuing with four diamond drill rigs drilling out the northern lode. On completion of northern lode drilling, dependent upon final assay results for all holes, an updated Sihayo JORC compliant resource estimate will be calculated.
Ongoing drilling is planned to be a combination of resource definition and testing the continuity of gold mineralisation to the northwest and southeast of the Sihayo resource, which represents a combined strike length of approximately 4.5km. (kanti)