Drilling is nearing the halfway point of a 40,000-ft., US$1.5 million exploration program for Sutton Resources (VSE) on its Marudi concession in southern Guyana.
The drill program is to confirm the resource outlined at the Marudi Mountain and Mazoa Hill gold deposits, test the extensions of each deposit and test targets in a large geochemical gold anomaly.
The open-pittable Marudi and Mazoa deposits are about one mile apart and have a combined resource of 9.6 million tons grading 0.07 oz. gold per ton. The deposits are within a wide cherty horizon that appears extensively folded and faulted.
Recent chip sampling of outcrops on Mazoa Hill returned values greater than 0.1 oz. and up to 2 oz.
Further metallurgical work is expected, and environmental base line studies are to be carried out shortly. Drilling results are as follows: Hole Interval Width Gold
(ft) (ft) (oz/ton)
91 373.0-413.3 39.3 0.06
93 246.0-324.7 78.7 0.07
94 275.5-747.8 472.3 0.06
99 492.0-885.6 393.6 0.06
101 738.0-846.2 108.2 0.10
102 049.2-374.0 324.8 0.12
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