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Croesus reports strikes

GOLD miner Croesus Mining NL has reported high-grade gold intersections in recent drilling at its Fort William prospect at Binduli.

Croesus managing director Michael Ivey said results of six diamond drill holes and eight RC holes had confirmed the presence of a “discrete but high-grade mineralised zone” at some 150 metres of strike, which is open at both ends at Fort William.

Better results include 21 metres grading at 4.49 grams/tonne from 60m, 9m at 6.43 g/t from 51m, and 7m at 15.9 g/t from 72m.

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