The stage two drill program intersected 3 metres at 25.0 g/t gold from 109 metres including 1-metre at 57.1 g/t gold and 8 metres at 7.81 g/t gold from 112 metres.
These results follow stage one which intersected up to 72 g/t gold and demonstrates the potential for the discovery of ‘blind’ high-grade gold lodes along strike and down-plunge from the known resource.
Notably, within the high-grade gold intersections, the gold is associated with sulphide mineralisation.
Immediate follow-up RC drilling will commence next week and an induced polarisation (IP) survey will also commence soon to identify further sulphide‐rich gold lodes at depth.
The results of this drilling confirm the potential of Currans Find North to host a significant high-grad gold deposit.
Notably, the specific sulphide presence suggests geological similarities between Currans Find North, Penny North and Penny West.
Shares in gold explorer Spectrum Metals Ltd (ASX: SPX) have quadrupled over the past month given its exploration success at Penny North and Penny West.
5,000-metre aircore program to begin near Penny North
The Currans Find Mining Lease is a historical high‐grade gold producer.
Gold mineralization at Currans Find is hosted in quartz veins within mafic and ultramafic rocks.
These rock types are also host to the Penny West and Columbia– Magenta deposits south of Currans Find.
A 5000-metre aircore drill program is set to start this week, targeting anomalies located north of the Penny North discovery.