Two years of exploration efforts in Turkey appear to be paying off for Cominco Resources International (TSE). A second phase of drilling on the Saray property, 5 km from the Black Sea and near the town of Fatsa, has intersected additional gold mineralization.
Significant values were encountered in 8 of 10 holes drilled at the Ridge zone, a large, mineralized structure within a 550-by-220-metre area. Encouraging results include 40 metres grading 1.9 grams gold and 28 grams silver per tonne in holes SD-18 and 21, and 77 metres grading 0.9 grams gold in hole SD-22.
Some of the holes intersected relatively thin intervals grading better than one gram gold within material grading in the 0.5 gram range, implying fringe-style mineralization.
In September, the company announced that eight holes drilled at the Ridge zone to depths of 47 to 125 metres had intersected gold mineralization averaging 1.07 grams.
Further geological evaluations have shown that one of these holes, SD-13, at the southern edge of the zone, cut a 45-metre interval of hydrothermal breccia grading 1.6 grams gold and 5 grams silver.
Results from these 18 drill holes confirm that a significant near-surface resource grading about 1 gram gold is present in the Ridge zone. This resource is open to the west and at depth.
The upper 10 to 20 metres of the zone are oxidized, and bottle roll tests on this oxide material indicate gold recoveries of 87-99%. Metallurgical test work is also being carried out on unoxidized drill core from below the 10-to-20-metre oxidized horizon.
Cominco Resources and joint-venture partner Cominco (TSE) are considering a drill program to test for higher grade ore at depth under holes SD-13 and 18, and to define the near surface potential of the Ridge zone.
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