More high-grade gold hits have been received from drilling at Laneway Resources’ Agate Creek Gold Project in North Queensland, part of its Gulf Savannah Region portfolio.
The assay results came from the geotechnical diamond drilling program completed earlier this year at the high grade Sherwood and Sherwood West deposits within Agate.
Significant drill intercepts at the Sherwood deposit include 1.1m at 9.88 g/t and 1.15m at 15.85 g/t.
Laneway managing director Brad Gordon said the results would be incorporated into pit designs for the ongoing mining activities at Agate Creek.
“The restart of the Georgetown gold processing plant also remains on track for commencement of processing of ore later this month, providing Laneway with a clear pathway to monetise the expanding high-grade mineral resource at Agate Creek,” he said.
Haulage and crushing of Agate Creek ore commenced in June with processing through the Georgetown plant scheduled to commence this month.