Zuleika Gold has continued its high-grade run of drill hits north-west of Kalgoorlie, with exploration at its Credo project notching up a string of eye-catching drill intercepts. Reverse circulation drilling over the Credo gold structure has returned results as high as 7 metres at 5.22 grams per tonne gold including 2m at an impressive 14.92 g/t gold from 89m down-hole.
The company’s recently completed drilling campaign comprised of 27 drill holes across the Credo Well and Credo Well North prospects, with exploration designed to test the deeper, down-dip extensions to the resource positions.
Zuleika has now received the results from the first 17 holes of the program, with other interesting intercepts including 3m at 1.54 g/t gold from 123m down-hole.
Zuleika Gold Managing Director, Annie Guo said:“The extension to the Credo Well North mineralisation which supports the JORC Inferred Resources reported to shareholders on 2nd June 2020, continues to show the strong potential of this area.
“The Credo Well Project is an important part of Zuleika’s impressive gold portfolio in one of the World’s premier gold terrains.”
“Our commitment to systematically explore our portfolio of assets is consistently returning excellent results.”
The company has identified a 2.5-kilometre-long mineralised structure at Credo where existing drilling has only tested around 1km of strike. Encouragingly, Zuleika has already delivered a resource for the project, with the company’s first-pass drilling in 2020 proving up more than 86,000 tonnes grading a very respectable 4.41 g/t gold.
Exploration completed since the tabling of the Credo resource has focused on the testing of a string of anomalies along strike from the company’s discoveries and extensional drilling adjacent to the resource areas as it continues to build its gold inventory in the region.
Zuleika’s Credo gold project sits just 35km north-west of the gold mining centre of Kalgoorlie in Western Australia. The project is a joint venture between Zuleika Gold and Torian Resources and lies to the north-east of the company’s flagship Zuleika Shear gold project, where drilling continues at the Paradigm East discovery.
Interestingly, the Credo tenure sits adjacent to a wealth of mining infrastructure, with various mine haul roads criss-crossing the region. Zuleika’s resource sits just 8km to the west of the multi-million-ounce Paddington gold mine, potentially presenting a rapid pathway to toll treated production if the company’s deposits can be expanded in the months ahead.
With Zuleika continuing to drill at Paradigm and the results from a further ten drill holes at Credo on the way, the company looks set to continue delivering a flow of gold intercepts in the weeks ahead as it begins planning its next campaign of drilling across WA’s lucrative Eastern Goldfields.
Is your ASX-listed company doing something interesting? Contact: matt.birney@businessnews.com.au
