(MENAFN- ProactiveInvestors)
() has identified a strong gold-in-soil anomaly the Gnaeus Prospect near its wholly-owned Julius Gold Discovery in Western Australia.
The 1000-metre long anomaly is significantly stronger than the gold-in-soil response over buried gold mineralisation at Julius.
Julius and Gnaeus are located within the Yandal Province one of Australia’s largest goldfields hosting several multi-million ounce gold deposits including those at ’ (ASX:NST) Jundee and Gold Fields’ (JSE:GFI NYSE:GFI) Darlot.
Eight samples from the central portion of the anomaly have returned more than 50ppb gold with a peak of 168ppb.
By comparison the gold-in-soil response over buried bedrock gold mineralisation at Julius is less than 2ppb.
The company plans to carry out drilling to follow-up on this target which may mark the location of a new gold mineralised system.
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