New Guinea Gold (NGG) has announced that the Kavursuki Hole KUD025 was chosen for multi element analysis to confirm the level of other potentially fiscal metals such as tellurium, silver, copper, bismuth and molybdenum.
The company has cut 27.15 g/t gold over 5.25 m and 5.79 g/t gold over 29.2 m in the hole KUD025. The company has selected this hole KUD025, because it signifies the transition and sulphide zones at Kavursuki.
The company has obtained 0.08% of tellurium, 0.01% of silver, 0.56% of copper, 0.03% of bismuth and 0.12% of molybdenum over 14.75 m to 20 m in the Kavursuki hole KD025.
The consultant geologist of the company has stated that the multi element results are extremely significant. It has been authenticated that the gold oxide zone at Kavursuki is having a sulphide zone beneath, which is identical to that at Sinivit. These encouraging assay results from the hole offers an indication that the Magiabe and Sinivit-Kavursuki zones are the part of a major gold-copper system containing tellurium, silver, molybdenum and bismuth.
NGG has logged and split the drill core on site and ALS–Chemex in Townsville, will assay the half core.
Source: http://www.newguineagold.ca/