(MENAFN- ProactiveInvestors)
’ () extension drilling has tripled the strike length of mineralisation along trend from the Morro do Carrapato resource area at its Ouro Paz joint venture gold project in Brazil.
The Carrapato Prospect area is an extensive zone of mineralisation located between high grade shoots of mineralisation at the União and Ana Prospect areas which together form an over 3 kilometre long corridor of mineralisation.
Notable assays are:
- 2.55 metres at 3.35 grams per tonne gold from 34.92 metres;
- 0.5 metres at 27g/t gold from 52.6 metres and 0.5 metres at 1.07g/t gold from 44.25 metres;
- 0.7 metres at 2.37g/t gold from 62.7 metres; and
- 2.11 metres at 1.87g/t gold from 31.62 metres.
A total of 6284 metres of drilling in 56 holes have been completed to date during the diamond drill campaign for the 2014 field season with several additional holes yet to be completed to follow-up on successful intercepts along with some initial drill tests of targets defined by this year’s surface geochemistry and geophysical campaigns.
The Ouro Paz Gold Project is located in the state of Mato Grosso Brazil held in JV between IGS’ 93% owned subsidiary Ltd and Brazil-based Biogold Investment Fund.
It has a Measured and Indicated Resource of 3.4 million tonnes at 2.55g/t gold and an Inferred Resource of 5.1 million tonnes at 2.48g/t gold for a total contained resource of 690000 ounces of gold.
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