GreenOre Gold Plc (GreenOre) is delighted to announce the acquisition of a new Option Agreement for gold and silver in Ross-shire, Scotland. The new licence is located within the vicinity of Gairloch and encompasses the historic ‘Kerry Road Deposit’. Over 9000m was drilled at the Kerry Road locality in the 1970’s and 80’s but the resource was considered small and low grade at the time. Results of hand specimens collected by GreenOre confirm grades of gold up to 4g/t as well as copper up to 5.2% and zinc up to 2.3%. Historic work indicate that further pods of mineralisation may be present along trend but more exploration is required to identify them. Due to the nature of the terrain and mineralisation style, geophysical surveys will be used to help identify new drill targets.
Managing Director Gavin Berkenheger said: “The Kerry Road Deposit provides an exciting new opportunity for GreenOre. A significant amount of drilling has already taken place and it will be up to the team to confirm these historic grades and identify the extent of the potential resource. We know from experience that these types of mineral rich zones do not occur by themselves in this type of geological environment and it is highly likely more exist along trend.”
This announcement has been reviewed and approved by Gavin Berkenheger (CGeol) in his capacity as the Qualified Person.
Information for Editors:
GreenOre is a mineral exploration company with a focus on Scottish gold deposits. GreenOre currently hold 7 Option Agreements for gold and silver with the Crown Estate Scotland covering a total of 1721km squared in Aberdeenshire, Ayrshire, Perthshire and Ross-shire. Aberdeenshire and Ayrshire exploration blocks are under joint venture with Koza Ltd.
Further information can be sourced from the Company website: www.greenoregold.com