leadf
logo-loader
viewVital Metals Limited

Vital Metals extends high grade gold zone with drill hit

High-grade thick gold mineralisation has been extended by over 100 metres.

vital-metals_burkana-faso-ams-drilling-757.jpg
Drilling continues along strike and at depth

Vital Metals (ASX:VML) has drilled 13 metres at 9.0 g/t gold to extend the high grade gold zone at Kollo South within the 100% owned Kollo Gold Project located in Burkina Faso.

The high-grade thick gold mineralisation intersected in reverse circulation hole KRC353 has extended the interpreted gold zone by over 100 metres.

Mineralisation remains open at depth with drilling in progress to test depth and strike extensions.

Mark Strizek, managing director, commented: “We are very encouraged by the continuity of high grade mineralisation on the clearly visible contact zone as we continue to progress drilling along strike and at depth.”

“The contact zone remains our focus as it continues to deliver high grade gold mineralisation with intersections of more than 100 gram metres now being traced over 100 metres strike.”


Kollo South Drilling

Drill hole KRC353 has returned 13 metres at 9.0 g/t gold including 2 metres at 46.2 g/t gold from 174 metres depth.

KRC 353 was drilled to extend the strike length from previous results including:

- KRC352: 17 metres at 6.0 g/t gold from 114m including 2 metres at 30.5 g/t gold;
- KRC303: 17 metres at 3.34 g/t gold from 145 metres;
- KRC255: 15 metres at 7.78 g/t gold from 108 metres; and
- KRC001: 4 metres at 18 g/t gold from 77 metres (ends in mineralisation).

High-grade thick gold mineralisation has now been extended over 100 metres on the contact of an intensely sheared graphitic marker unit that strikes at least 400 metres.

The sheared marker unit associated with contact zone mineralisation has been traced for another 300 metres along strike and gold mineralisation is also open at depth with more drilling underway.

Diamond drilling is expected to start this week to complete diamond tails on reverse circulation holes to test contact zone mineralisation.


Analysis

Drill results from the Kollo Project continue to deliver high grade results and further indicate the presence of a potential gold resource.

Vital is well positioned to deliver continued news flow from exploration activities in Burkina Faso, with fully-funded drill programs continuing.

Currently two holes are waiting for diamond tails and another eight are planned.

Burkina Faso continues to emerge as a key gold producing country with a mining friendly government, and is now the fourth largest producer in Africa, with seven gold mines commissioned over the past decade.

Quick facts: Vital Metals Limited

Price: 0.022 AUD

ASX:VML
Market: ASX
Market Cap: $47.41 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Luminex Resources CEO says stay tuned for drill results out of its Condor...

Luminex Resources Corp. (TSXV: LR) (OTCQX: LUMIF) CEO Marshall Koval tells Proactive the Vancouver-based mining company is making progress on its Condor Gold-Copper Project in Zamora-Chinchipe Province, southeast Ecuador. Koval says the group has advanced metallurgy at the site, continuing to...

19 hours, 44 minutes ago

3 min read