Nagambie Resources: Positive Alkane Diamond Drilling Results at Nagambie Mine
Key points
- Assays up to 24g/t Gold and 30.9% Antimony
- C2 zone extended 115m below known extent
- Gold-antimony mineralization open to east, west, and depth
Full summary
Nagambie Resources Limited (ASX: NAG) has announced positive results from the first three diamond holes drilled by Alkane Resources Ltd at the Nagambie Mine under their earn-in joint venture agreement. The drilling confirmed highly mineralized gold-antimony veins, with the highest gold assay at 24g/t and the highest antimony assay at 30.9%. The C2 zone was extended 115 meters below the previously known extent, indicating the open nature of the resource to the east, west, and at depth.
Outlook
Nagambie Resources is optimistic about the potential for further exploration and development of the Nagambie Mine, with plans to extend the gold-antimony mineralization in the December quarter.
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