Results have been received from 10 reverse circulation (RC) holes and four diamond holes, which further confirm the high-grade nature of the Starlight mineralisation.
Notable intersections from this drilling are outside the existing 199,000-ounce Break of Day resource estimate with other strong RC results including:
- 8 metres at 17 g/t from 74 metres (in the main Starlight lode), including 2 metres at 56.4 g/t from 74 metres;
- 4 metres at 16.1 g/t from 149 metres (in a footwall position); and
- 12 metres at 9.4 g/t from 129 metres, including 5 metres at 20.6 g/t from 129 metres.
“Excellent drill results”
Managing director Rob Waugh said: “These are further excellent drill results from Starlight which is showing great continuity in the top 200 metres.
“We are currently focusing on the depth extents at both Starlight and the new White Light discovery – the regional program has also kicked off with the focus on making additional high-grade gold discoveries in the belt.”
Additional RC drilling at White Light and on the Twilight and Velvet lodes near surface at Break of Day has been completed with assays pending.
Diamond drill results
Best results from diamond drilling include:
- 5.6 metres at 12.7 g/t gold from 257.6 metres; and
- 4.7 metres at 7 g/t from 132.2 metres.
The current resource for the Cue Gold Project totals 6.45 million tonnes at 3 g/t gold for 613,000 ounces, which includes the Break of Day deposit and the Lena deposit.
This estimate does not include any results from the new Starlight and White Light gold discoveries and an updated resource estimate incorporating these results is scheduled for later this quarter.
Exploration is ongoing with follow-up RC drilling on the Starlight lode at Break of Day now complete and further assays expected in around three weeks.
The diamond drilling program at Starlight to test depth extensions to the mineralisation is continuing with further assays pending.
Additional drilling on the newly discovered White Light lode at Break of Day is ongoing and shallow oxide infill RC drilling at Break of Day on the Twilight and Velvet lodes has been completed with results expected to confirm the geological interpretation.