GreenOre Gold Plc (GreenOre) is delighted to announce the latest positive results of the Ayrshire drilling programme. Six holes have recently been drilled in a priority winter campaign, with over 1,600 metres of core recovered to date. These holes tested anomalies detected by prior geophysics work. Results of the first five holes (totalling 1414 metres) have now been received, with two holes returning significant grade:
|Hole_ID||from||To (m)||Width (m)||Gold gram/tonne*|
*Grades reported are weighted averages over 5 grams/tonne gold and are not true width.
Highlights of the results so far include 5 metres of intersected rock, grading just over 5 grams of gold per tonne of host-rock in hole 18-FB-07 from 99 to 104 metres (including 1 metre at 22g/t gold at 99 metres), within quartz hematite veining in hornfels (hornstone), as well as 5 metres at 6.41g/t gold in hole 18-FB-10 from 184 to 189 metres (including 1 metre at 22.6g/t Au at 188 metres), and 2 metres at 7.63g/t gold at 336 metres (including 1 metre at 14.75g/t gold at 337 metres) in the same hole with both intersections displaying sulphide bearing tourmaline breccias and quartz veining. Visible gold was also observed at 337 metres in hole 18-FB-10.
Given these encouraging results, follow up drilling is planned through February 2019.
Managing Director Gavin Berkenheger commented:
“GreenOre Gold is delighted with the latest drill results, including visible gold sightings. The data indicates that we have discovered high grade gold bearing quartz veins at reasonable depth.”
“The new discovery of gold, in hole 18-FB-07, is located nearly 1km along trend, expanding the area of high grade gold in bedrock to nearly 4km along the Southern Uplands Fault.”
“These drill results strengthen our confidence in the prospectivity of Scotland’s bypassed gold deposits”.
This announcement has been reviewed and approved by Gavin Berkenheger (C. Geol) 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