21 Feb Tribune Lode High Grade Discovery
Draig commenced exploration at Bellevue in mid-2017 for the first time and only a few months later announced a new gold discovery at the Project. Recent drilling results from the new Tribune Lode discovery includes:
- 7m @ 27.5g/t gold from 92m (including 5m @ 37.5g/t gold)
- 5m @ 16.5g/t gold from 25m
- 12m @ 12.0g/t gold from 68m
- 15m @ 5.80g/t gold from 79.5m (including 0.3m @ 242.0g/t gold)
- 2.4m @ 21.90g/t gold from 162.8m
Since this new and exciting high-grade gold discovery in December the Company is now drilling out this new gold zone with 3 drill rigs and plans on releasing a maiden JORC resource for the Project in the coming months.
The Tribune Lode discovery although still early days is shaping up to be one of the new high-grade discoveries in Australia in recent times. On the back of the maiden resource the Company intends to commence economic studies with the view to fast tracking development for a high-grade underground and open pit operation.
Step out drilling over 1 kilometre south of the new Tribune lode discovery has intersected further significant drill results which clearly demonstrate the huge potential to define further JORC resources as the project advances over the coming year. Step out drill results include:
- 4.45m @ 22.87g/t gold
- 1.85m @ 25.88g/t gold