The Sovereign Gold Company has announced confirmation of a continuous 384 metre long gold bearing structure near Armidale, NSW.
Seven diamond drill holes at the Fraser’s Find have shown that the structure has a vertical extension of 80 metres, open in all directions, with narrow lode up to 5.17 g/t of gold and 122 g/t of silver.
Smaller samples include 10g/t gold and 316g/t silver over a 0.13 metre sample at 27 metres downhole.
Results have also shown significant evidence for gold mineralisation from deeper level intrusion.
Two diamond holes have also shown positive results at the Hudson-McCrossins workings, with evidence of a shallow, gold-bearing dyke, similar to mineralisation at Martin’s Shaft, where gold mineralisation occurs over 200 metres (to the limit of drilling).
The Sovereign Gold tenements are located to the west and south-west of Armidale, near Uralla, in the north of NSW.
Visible gold, up to 180 microns in length, is present in hand specimens and core at Fraser’s Find, where free gold is present, meaning a wide range of grades can be discovered due to the nugget effect.