Jane Morgan Management
Highlights
- Drill hole GNDD-032 recorded a second significant gold intersection in porphyry. Highlights include (refer Table 1 for details):
- 116 metres at 1.2 g/t AuEq - 1.1 g/t gold, 4.0 g/t silver, 0.2% zinc; including
- 6 metres at 10.2 g/t AuEq - 9.6 g/t gold, 18.7 g/t silver 0.15% zinc; and
- 4 metres at 10.9 g/t AuEq - 9.8 g/t gold, 18.5 g/t silver, 1.5% zinc
- This hole is located 1 kilometre south along strike from the GNDD-025 discovery hole which intersected 50 metres at 1.4 g/t gold, 3.4 g/t silver (hole ending in mineralisation) in altered porphyry
- Significantly upgrades CEL's 1 kilometre intrusion-hosted target with intersections of 116 metres at 1.2 g/t AuEq and 50 metres at 1.6 g/t AuEq (ending in mineralisation) encountered at either end of this undrilled target
- The high-grade zones in GNDD-032 indicates that skarn alteration likely continues into the intrusives significantly expanding the scope of the project for higher-grade mineralisation which remains open to the east
- Major synergies from an exploration and mine development perspective as the porphyry hosted gold is contiguous to, and underlies, the existing high-grade mineralisation
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