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Nov 15, 2017 18:00 EEST
November 15 (SeeNews) - Canada-based Medgold Resources said adit assay results at Barje occurrence of Tlamino project in southeastern Serbia demonstrate that mineralisation is not limited to the outcrop plane but extends into the hillside in the third dimension.
The assay found a composite channel sample interval at Barje of 52 metres at 2.20 grammes of gold per tonne and 88 grammes of silver per tonne from a recently re-opened historical lead and zinc exploration adit, located in the centre of the main Barje occurrence, Medgold said in a statement on Tuesday.
"This is an excellent result and we are very excited by the potential the adit indicates. Similar to the surface sampling, we are seeing strong consistency in the elevated gold-silver grades, with all samples yielding anomalous values," the president of Medgold, Dan James, said. "Our confidence is building in our geological model, which we have been able to test having entered, mapped and sampled the adit, and we can now consistently demonstrate anomalous gold-silver values in all three directions at Barje."
Exploration at Tlamino is progressing steadily, despite a delay in the issuance of a land access permit, and Medgold is aiming for a start of its planned first-pass of diamond drilling in the second quarter of 2018, James said.
"Barje is proving to be an exciting exploration story, with the identification of three-dimensional gold-silver mineralization and a large geophysical anomaly, and we are excited by the possibilities that Barje presents," he added.
In January, Medgold said it completed a series of saw-cut surface channel samples over the outcrop at Barje occurrence, finding gold with an average grade of 8.11 g/t and silver with an average grade of 210.6 g/t.
The Tlamino Gold Project includes two historical showings: Liska and Barje, which lie on a northeast trend separated by 1.5 km. Both showings are associated with a regional east-west striking detachment fault, which in the vicinity of these showings has been overlain by conglomerates.
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