TNR Gold has reported that assay results have been received from the initial hole drilled during the program conducted at the Shotgun gold property, located in Alaska.
The company intersected 1.25 g/t gold over 242 m and 1.84 g/t gold over 114.22 m in hole SR12-56, which also returned many high-grade intercepts.
Mineralization was encountered at a depth of 293.22 m in hole SR12-56. The exploration campaign comprised three geophysical survey grids and drilling for 814 m, and lasted for 30 days. Mineralized zones are in line with geophysical anomalies identified last year and are exposed at depth.
Hole SR12-56 was specifically oriented in parallel and about 50 m towards the northwestern part of hole SR06-43. Three zones that were discovered through increased grades of gold and strong brecciation associate well between these two drill holes.
These recent drilling results strengthen the company’s confidence in the orientation of the high-grade mineralized zones that are dipping in southwest direction and also demonstrate how future drill program can focus on them. The focus of the fresh hole was on an unexplored geophysical anomaly discovered through the 2011 three-dimensional geophysical survey. The strong mineralization identified in hole SR12-56 is in line with the place where this geophysical anomaly was encountered.
Results from the 2011 geophysical surveys supported the drill targeting. High-grades in hole 12-56’s NE-zone are related to a chargeability high characteristic, which recommends that the mineralization is continuing to the depth. The company is presently analyzing the initial results of this year’s geophysical survey.