The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Thursday, 21st July 2005 (4139 views)

Greystar Resources has announced that diamond drilling continues to encounter higher-grade structures surrounded by lower-grade zones on its wholly-owned, multi-million ounce Angostura gold-silver deposit in northeastern Colombia.<br/><br/>The company said in a statement that most encouraging of the latest drill results is the core Diamante area where hole DM05-13 hit 21.56 grams gold per tonne over 7.7 metres and hole DM05-12 intersected 3.39 grams gold over 19 metres.<br/><br/>The Vancouver-based firm added that, in the La Alta area, hole AL05-04 intersected an encouraging 7.23 grams gold per tonne over 18.1 metres and at the southern portion of the deposit at Silencio, hole SI05-05 cut 8.74 grams gold per tonne over 10.65 metres from 251 metres downhole.<br/><br/>The press release also included details of strong results from the V316 and the prolific Vein 15, hole SI05-13, as well as the eastern limit of the deposit in the Nueva Alta area and the southwestern part of the Silencio area known as El Vivito.<br/><br/>Greystar president David Rovig said: "After each set of drill results we are getting a better and better picture of the overall geometry and potential of the Angostura property. And the latest results continue to show higher-grade, gold-bearing structures that are so significant because these zones host more than 30 per cent of the contained gold outlined at Angostura so far."<br/><br/>The drilling company said that activities at Veta de Barro continue to confirm many of the known veins, as well as intersecting narrow isolated higher-grade structures. Greystar is especially pleased that the ongoing drill program has now tied in the mineralisation at Veta de Barro with the La Alta area.<img alt="track" src="http://feeds.directnews.org.uk/feedtrack/dn.gif?feedid=196&itemid=14012871"/>

 

« Back to Gold News stories