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Gilt-Edged results healthy

The East Kundana gold project and other mining interests are shaping up well for Gilt-Edged Mining NL which has just posted a swag of “encouraging” drill intersections.

Gilt-Edged reported another round of drilling intersections at its East Kundana project, located twenty-five kilometres west of Kalgoorlie, with a best intersection of eight metre grading at 85.3 grams/tonne gold.

Gilt-Edged managing director Don Boyer said the results extended the Hornet and adjacent Rubicon mineralisation to vertical depths of up to 270m, with the main mineralised zone open at depth.

Better intersections also came from first pass RC drilling at Artemis, a new target located 200m west of Hornet, including 7m at 3.46 g/t and 4m at 4.83 g/t gold.

Intersection highlights from a fifteen hole programme of RC drilling include 8m at 85.3 g/t from 190m depth, 18m at 19.2 g/t from 274m, 9m at 13.5 g/t from 302m and 12m at 9.07 g/t from 220m.

Mr Boyer described the results at East Kundana as “very encouraging” and said they would be used to support a revised resource estimate and a preliminary review into the potential for underground mining.

“Preliminary pit optimisation work has already highlighted the potential for the near surface Hornet and Rubicon deposits to be profitably mined by open cut methods,” Mr Boyer said.

“The longer-term potential is underground which is why the work we are carrying out aims to achieve the right strategic mix,” he said.

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