GoldStone Resources, the AIM-listed company focused on gold exploration in West and Central Africa, has published the first drill results for its Oyem Project in Gabon.
The company revealed that gold had been identified in first round of drilling and initial interpretation suggested that the first hole intersected a 120m wide deformational zone containing high grade primary gold mineralisation.
Exploration Director Dr. Hendrik Schloemann commented: "These first results confirm our expectation of significant mineralisation at Oyem. Assay results have been received from only two holes of the nine hole program. From the initial interpretation we have been able to identify a 120m wide deformational zone that appears to control the mineralisation.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"We are especially pleased that the first hole into this 120m wide deformational zone has yielded meaningful grades and are optimistic that similar results can be achieved in the holes currently being assayed."
Results from the remaining seven holes are expected early in the New Year.
MF
-
Barclays begins paying up to £100 compensation to customers after banking outageBarclays will pay up to £7.5 million in compensation to customers after its banking services were disrupted by an IT outage
-
Review: Shangri-La Paris – an ode to the world’s best foodNatasha Langan enjoys fine French and Chinese cuisine at the Shangri-La Paris
