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Cervantes Corporation intersects high-grade gold at Albury Heath project

The drilling program has recognised that additional shallow mineralisation may exist that could require further drilling.

hand holding nugget of gold
Assays from Albury Heath return up to 52.3 g/t gold

Cervantes Corporation Ltd (ASX:CVS) has hit significant gold intersections in a drilling program at its Albury Heath Gold Project in Western Australia.

There were 29 reverse circulation holes completed for 1,866 metres, with drilling intersecting quartz lode mineralisation at higher grades than that seen in historical drilling.

 

Highlighted assays include: 17 metres at 18.8 g/t gold from 77 metres, including 4 metres at 52.3 g/t from 86 metres; 2 metres at 7 g/t from 9 metres, including 1 metre at 13.3 g/t from 10 metres; 2 metres at 3.2 g/t from 29 metres; and 1 metre at 14.1 g/t from 58 metres.

The drilling tested the down dip extension of the main known lode, defined near-surface mineralisation and sampled zones around the existing open stopes.

The Albury Heath resource is typical of Murchison Domain gold mineralisation and closely associated with the Meekatharra Structural Zone, a northeast trending shear around 50 kilometres wide.

Room for resource expansion

The results of the campaign will be used to determine if the Albury Heath resource is sufficiently defined to pursue early toll treatment opportunities.

Initial indications suggest room for expansion of the resource, particularly at shallow depths, which would positively affect the economics of an open pit operation.

READ: Cervantes Corporation surges 143% on bonanza-grade gold results from Albury Heath

Cervantes will conduct a regional assessment of its tenements using results from the program as well as evaluating all historical work done over the company’s holdings.

The Albury Heath project is centred on the historical Albury Heath gold mine, which produced 2,204 ounces of gold at an average head grade of 47.8 g/t from underground workings between 1948 and 1957.

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