Central China Goldfields plc (AIM: GGG) announced the second batch of assay results from a reverse circulation drilling program at the Dong Mao Huo project in Inner Mongolia. Highlights included 1.52 g/t over 10 metres from 67 metres down hole and 2.10 g/t Au over 42 metres from 81 metres down hole including 4.30 g/t Au over 17 metres from 81 metres down hole.
The company added that "deep weathering" had oxidised the mineralised zone to 60-80 metres therefore making the gold amenable to heap leach techniques - a simpler and more cost effective technique than extracting gold from sulphides.
We are extremely pleased with these results which show that the mineralisation at Dong Mao Huo is more extensive than previously thought. We will now accelerate the development of this exciting project." commented Jeff Malaihollo, Managing Director of Central China Goldfields.