Global Metals Exploration NL New Gold Anomalies Discovered From 2nd Phase BLEG Program on Jutson Rocks project, W.A
12.04.2012 | ABN Newswire
Sydney - Global Metals Exploration NL (ASX:GXN) is pleased to announce the results of its second phase of Bulk Leach Extractable Gold ('BLEG') soil geochemical programme on the Company's Jutson Rocks project in the Eastern Goldfields region of Western Australia.The Company is very encouraged by the results of the second phase of BLEG sampling and by the size and tenor of the gold anomalies identified.
This second phase of sampling follows the Company's highly successful first phase of BLEG sampling. The first phase of sampling covered an area of approximately 17km2 and generated a number of strong gold anomalies which were subsequently sampled by auger drilling.
As previously reported, the auger drilling outlined a number of strong, cohesive gold anomalies which have recently also been tested by Rotary Air Blast ('RAB') drilling. The results of this drilling are being tabulated at the time of this release and the Company looks forward to updating the market on the RAB drilling results in the near future.
The Company's BLEG sampling programme is targeted at a zone of structural complexity which traverses the length of the Jutson Rocks Greenstone Belt ('JRGB'). Global Metals' compilation and analysis of historical data indicated that a zone approximately 35km long and 5-8km wide, coincident with this more structurally complex zone, showed many untested gold anomalies generated from historic soils, auger, rock and vacuum drilling programmes. A number of old gold workings including the high-grade Chapman's Reward Gold Mine are also located within this zone.
The second phase of BLEG sampling involved the collection of 152 samples on a 500 x 500m grid over an area of 25km2. Generally the second phase has returned higher results than the first phase with maximum values of 21ppb Au and 37ppb Au, as compared to a maximum value of 19ppb in the first phase.
The results are seen as particularly encouraging as the anomalies defined from the data are in areas of transported cover, distinct and distant from areas of outcrop where higher gold numbers may reasonably be expected.
Four strong, large and continuous anomalies have been identified from the survey as shown in figure 3.
These include two 5 point and two 2 point anomalies and a single point anomaly. These anomalies occupy areas of approximately 2kmx500m, 1.5kmx1km, 1.5km x 500m and 1kmx500m respectively. The next stage is to more accurately define the gold anomalies for testing by RAB drilling using auger drilling, similar to the programme adopted for the first phase of BLEG sampling.
The Company is increasingly confident in its aggressive gold exploration programme in the under-explored JRGB.
To view the full Global Metals Exploration including Figures, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-GXN-585363.pdf
About Global Metals Exploration NL:
Global Metals Exploration NL (ASX:GXN) is a Sydney-based exploration and investment company that manages mineral and mining assets in Australia and New Zealand.
The Company's is currently developing the Jutson Rocks Gold and Nickel project and the Mt Cornell Gold and Nickel project in Western Australia. The Company is also developing the Round Hill Gold Mine and the Longwoods Tops Igneous Complex Platinum project in New Zealand.
Contact:
Global Metals Exploration NL
T: +61-2-9225-4000
F: +61-2-9235-3889
www.globalnickel.com.au