Junior gold mining company Hill End Gold has wrapped up initial drilling on 50m sections along the southern extension of the BNH structure between 9350N and 9000N and the southernmost hole, intersecting bonanza gold grades in two significant veinsets.
During the morning trade, shares in the Sydney-based company rose 4.7% to 22.5c.
The assays are 627g/t (20oz/t) over 0.8m, including 1,667g/t over 0.3m at 38m in Veinset 1 and 248g/t (8oz/t) over 3.6m, including 2,887g/t over 0.3m at 107m in Veinset 3.
Adjacent holes on the same section did not intersect bonanza grade material and further holes are planned to follow up the intense mineralisation.
The Veinset 1 and 3 positions have been intersected in most holes over a 300m strike length, showing moderate mineralisation and increasing in thickness and grade to the south.
In this current drilling program 5,053 metres have been drilled in 30 diamond drill holes, with 17 holes in the South BNH zone (9000N – 9350N), 6 holes in the Alma zone and drilling is currently on the seventh hole of 37 proposed holes in the drillout of the Central BNH zone maiden resource.
Holes are being drilled to approximately 150m below surface and every 100m along strike a deeper hole is drilled to 400m depth.
Assaying of these samples at SGS Laboratories in Townsville was by screen fire assay, then LeachWell bottle roll assay of the fine screened material then duplicate gravimetric finish for the solutions and residues. Few assays have been completed in the program to date.
Two drilling rigs are now on site at Hargraves and a third is expected in the next few days to focus on the Central BNH zone and to continue on the new South BNH zone at 9000N.