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Noricum Gold revises schedule for deep drilling at Schonberg

Last updated: 07:50 07 Nov 2014 GMT, First published: 08:50 07 Nov 2014 GMT

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Noricum Gold (LON:NMG) has started to test the results of its latest drill campaign at Schonberg in south-central Austria. 

Drilling tested up to eight veins already identified along a 3 km strike, with the focus on three worked historically.  

The first diamond drill hole (WE1) at Weissenbachgraben reached its target depth of 328 metres but difficult ground conditions and drilling equipment issues meant progress was slower than originally anticipated. 

The drill rig will now be moved north of WE1 to drill the second diamond drill hole at Weissenbachgraben, which is likely to give a better angle at expected mineralisation, Noricum said.

Progress was better at the shallower holes said Greg Kuenzel, Noricum’s managing director.

"Assay results from the initial six RC drill holes testing soil anomalism have been received with some minor gold and tungsten anomalism noted.

“One of these drill holes intersected a large void likely to have been an old mining stope. While no economic intersection has been located in these first six holes, the intersection of old workings, and the potential of tungsten mineralisation, often associated with gold in these environments, is encouraging. 

“The potential for tungsten in all drill holes will be investigated by utilising a simple inspection of the core in UV light followed by multi-element analysis. 

 

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