Friday, 25th April 2008 (407 views)

Drilling on a recently-discovered zone at the Gold Hill property in the US state of Arizona has intersected mineralisation that confirms the high-grade nature of earlier samples from the area, the company developing the site has said.

Sage Gold said the drilling in the Old Coup zone encountered "coarse visible gold" 200 feet below the surface.

An intersection from this hole included an interval graded at 47.31 g/t gold over 0.98 metres, it added.

Other results from the hole include 12.03 g/t gold over 1.34 metres, 13.3 g/t gold over 1.22 metres and 7.51 g/t gold over 1.07 metres.

Sage said the returns confirm the lateral extension of mineralisation previously encountered by underground channel sampling, which had yielded gold with values ranging from 7.51 g/t gold to 13.3 g/t gold.

Commenting on the results, Sage Gold president and chief executive officer Nigel Lees said the high-grade structures encountered in Old Coup have "never been drilled".

"We are testing a number of vein structures through the current drill program with the aim of identifying additional strike length and dip extensions," he added.

 

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