Mutiny Gold Limited Commences Drilling At The Promising Spanish Galleon Gold Prospect
09.06.2011 | ABN Newswire
09:30 AEST June 9, 2011 ABN Newswire (C) 2004-2011 Asia Business News PL. All Rights Reserved.Perth, Australia (ABN Newswire) - Australian gold-copper resources company, Mutiny Gold Ltd (ASX: MYG) ('Mutiny' or the 'Company'), is pleased to announce that its initial RC drilling program of drilling on the Deflector extension zones in the South Murchison Region of Western Australia has been successfully completed. This program, which totaled 40 RC holes for approximately 3609 metres, added a further southern extension of 60m to the Deflector deposit to increase the total strike length to at least 800m.
The Company has now commenced a program of 17 holes and approximately 1700 metres at the adjacent Spanish Galleon prospect, which lies approximately 1 kilometre to the west of the Deflector deposit. Mutiny has recognised the potential at Spanish Galleon based on a surface geochemistry anomaly and historical drilling results including intercepts of 4m at 9.1g/t, 5m at 3.4g/t, 20m at 2.8g/t and 3m at 6.0g/t Au. In the March quarter this year, Mutiny drilled two successful RC holes (11PERC001 and 11PREC002) at Spanish Galleon which scissored an earlier intersection of 34m of 1.9g/t Au and 0.44% Cu made two years previously by the Redhill Resources Corp (TSX-V:RHR)(formerly ATW Gold Corp) in hole 9DEF013. Hole 9DEF013 intercept included 3m at 6.6g/t Au and 0.37% Cu. The current drilling program is designed to follow-up and test the continuity of this mineralisation, together with that identified in other historical Spanish Galleon drilling.
The Spanish Galleon prospect and historical drilling results are shown in (see link at the bottom of the release). The recent southern extensional drilling at Deflector and the current Spanish Galleon drill plan, are shown in Figure 2 (see link at the bottom of the release).
For the complete Mutiny Gold announcement including figures, please refer to the following link:
http://www.abnnewswire.net/media/en/docs/544784.pdf
About Mutiny Gold Limited:
Mutiny Gold Ltd is a public company that listed on the Australian Securities Exchange (ASX) in July 2006. The Company's focus is on the development of its gold, nickel and copper tenements in Western Australia.
Contact:
John Greeve
Managing Director
Mutiny Gold Limited
Tel: +61-8-9368-2722
Email: mgl@mutinygold.com.au
http://www.mutinygold.com.au