Golden results and new tenements for Mt Dimer project

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 01 Dec 2011   Posted by admin

A reverse circulation drilling program at Vector Resources’ flagship Mt Dimer gold project has revealed high-grade initial assay results.
The program, which began in early August, led to the identification of major gold intercepts at the project’s Lightning, Anomaly 2 and Golden Slipper South deposits.
The drilling program consisted of a total of 147 drill holes, totalling 14,770 metres. To date, 48 holes for 4364m have been completed, targeting four specific areas: Lightening, Anomaly 2, Silver Wing and Golden Slipper South. Significant intercepts to date include: 6m at 24.81 grams per tonne of gold from 62m; 4m at 21.71g/t of gold from 50m; and 4m at 20.98g/t of gold from 87m.
Vector reported that, of the drilling program’s priority one targets, 16 holes totaling 1418m of sample results were still pending, from the Silver Wing and Golden Slipper South deposits. The company reported that the remaining 80 per cent of its phase one drilling program would be completed once the phase two drilling program at its Gwendolyn project was complete. The announcement of the drilling
results followed Vector’s securing of new tenements in early September – increasing the Mt Dimer project’s land holding by 22.2 per cent, from 2029 hectares to 2480.5ha. The Mt Dimer tenements host a JORC-compliant measured, indicated and inferred resource of 377,200t at 5.8g/t for 70,230 ounces of contained gold.
Vector reported that it expected the results from the recent drilling would increase the current Mt Dimer resource.

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