High Grade Gold intercepted by Aus Firm in the Philippines

Lindian Resources intersects new zone of high grade gold at Masapelid in the Philippines

An Australian firm; Lindian Resources (ASX: LIN) has discovered copper and high grade gold at the Masapelid Project in the Philippines, following assays from two recent drill holes.

Drilling on a new target at the Sabang Prospect, on the southern portion of Masapelid, has identified supergene copper-silver-gold mineralization between 20 meters and 96 meters depth above an extensive interval of banded gold-silver-copper mineralization.

The new target zone is located 300 meters to 400 meters south of Sabang Hill.

In the lower, banded zone, gold and silver are generally dominant.

Drilling in the supergene copper-silver-gold zone returned:

- 385.1 meters at 0.79 grams per ton (g/t) gold, 6.54g/t silver and 0.32% copper from 20 meters, including 76 meters at 0.25g/t gold, 17.55g/t silver and 0.78% copper; and

- 44.4 meters at 0.35g/t gold, 26.75g/t silver and 0.4% copper from 21 meters, including 10 meters at 1.35g/t gold, 61.56g/t silver and 1.12% copper.

In the gold-silver-copper zone, best intercepts included:

2 meters at 35.48g/t gold,

34.4g/t silver and 0.14% copper from 103 meters

including 1 meter at 68.96g/t gold,

43.2g/t silver and 0.11% copper:

- 8 meters at 11.23g/t gold,

5.89g/t silver and 0.29% copper from 372 meters,

including 3 meters at 27.89g/t gold, 12.67g/t silver and 0.58% copper; and

 2 meters at 11.04g/t gold,

5.9g/t silver and 0.2% copper from 275 meters.

Assays from two neighboring drill holes are pending, and Lindian plans to re-enter and extend one of the two holes already assayed, which was terminated at 45 meters depth due to core loss issues.

Further holes are planned to the northwest and southeast of the existing holes, to provide an understanding of the potential strike extension of the mineralization.

Share on Google Plus

About Webber

I am among of the writers and administrators of this web site. I always on the heads up when it comes to Sports, Politics, Economy, Business, Physics, Mathematics, Technology, computers and NEWS all over the world that triggers ny eyes and interests. I am working as a volunteer with other 14 administrators, researchers, writers and contributors. We are a strong solid team. Join us and be among of the contributor with your name on each posted article.

    Anonymous or Google Comment
    Facebook Comment



Investment Recommendation: Bitcoin Investments

Live trading with Bitcoin through ETORO Trading platform would allow you to grow your $100 to $1,000 Dollars or more in just a day. Just learn how to trade and enjoy the windfall of profits. Take note, Bitcoin is more expensive than Gold now.

Where to buy Bitcoins?

For Philippine customers: You could buy Bitcoin Online at Coins.ph
For outside the Philippines customers  may buy Bitcoins online at Coinbase.com