SML Corporation (ASX: SOP) has upgraded Resources at its Mount Wills Gold Project in Victoria to 709,500 tonnes at 7.4 grams per tonne for 168,000 ounces of contained gold.
This compares with the previous Resource estimate of 607,000t at 7.9g/t for 154,900 ounces of contained gold and is the result of the integration of data from the diamond drilling conducted at the project since June 2012 into the geological model.
Exploration programs undertaken by the company since July 2012 have involved the drilling of an additional 10 diamond drill holes totalling 3,181 metres.
Besides increase the total Resource at the Glen Wills Goldfield and Sunnyside Goldfield areas, the holes have also improved SML’s understanding of the structural controls.
In additional, the Glen Wills Goldfield contains 112,000 tonnes of tailings from previous mining operations containing an Inferred Resource of 9,350 ounces of gold.
Preparations continue to allow for commencement of exploration drilling in the area between Glen Wills Goldfield and Sunnyside Goldfield known as the Centre Country.
This area has never been subject to modern exploration due to the rugged nature of the area.
Geological modelling indicates potential for the mineralising structures defined at Glen Wills to continue north through the Centre Country area to the Sunnyside Goldfield.
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