Mutiny Gold, who is the operator and optionee of Redhill Resources' Gullewa gold-copper project, has announced the intersection of fresh considerable high-grade gold at the Deflector gold deposit’s West Lode.
The company has obtained the recent results from the diamond drill campaign completed in the Deflector deposit expansions that were identified recently. It will include these new results in the altered resource evaluation that is likely to be available in the upcoming weeks.
Mutiny has drilled 30 holes with an aim to increase the resource prospective in the first underground mining’s planned region at the Deflector deposit. It has intersected 153 g/t gold and 13.3% copper over 3.6 m in the hole 11DD1A, 47.6 g/t gold and 1.5% copper over 3 m in the hole 11DD15, 22.8 g/t gold and 1.2% copper over 3 m, 18.1 g/t gold and 0.3% copper over 3 m in the hole 11DD17, 18.8 g/t gold and 0.8% copper over 3 m in the hole 11DD18, 20.9 g/t gold and 0.3% copper over 6 m in the hole 11DD27.
Due to the presence of several analogous lodes in the deposit’s depth, the company has encountered numerous intersections in some drill holes.
Mutiny has decided to install $2 million subsequently to get a 70% interest in the flagship Gullewa gold project.
Source: http://www.redhill-resources.com/