Nagambie Mining (ASX:NAG) has commenced exploration drilling program at its Wandean gold prospect in Victoria.
The reverse circulation program will follow up encouraging gold intersections achieved in the last exploration drilling program at Wandean, 9 kilometres north west of the historic Nagambie Mine.
Better intersections included 37 metres at 0.85 g/t gold from 7 metres, and 2 metres at 11 g/t from 7 metres, which included 1 metre at 21.1 g/t.
Nagambie is focussed on open-pittable and heap-leachable gold deposits, and holds a 500 square kilometre footprint encompassing goldfields at Nagambie, Redcastle and Rushworth.
Capitalised at around $8 million, further high grade, near surface gold assays should have a material effect on its share price.
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