Key Points
Cowarra drill program confirms high grade mineralisation beneath old BHP Gold Mine
Excellent assays, with significant intersections including:
- 1 m at 6.54 g/t Au from 97.22 m – Ambassador Lode
- 1 m at 11.95 g/t Au from 209.4 m – Independent Lode
- 3 m at 4.38 g/t Au from 279.5 m – Victoria Lode
- 1.76 m at 8.70 g/t Au from 128.68 m – Ambassador Lode
Step out drilling program to determine limits of resource
Rig confirmed for 11 hole Dalton RC drill program
Exploration drive to find new gold deposits in eastern Lachlan Fold Belt
SUMMARY
Australian gold company Commissioners Gold Limited (ASX:CGU) had an exciting quarter at its Cowarra Project in the eastern Lachlan Fold Belt of NSW. The Company reported excellent intercepts across all four diamond drill holes, with assays up to 11.95 g/t gold. Ongoing exploration expenditure on this old BHP Gold Mine is clearly warranted.
The March quarter looks like being another significant one for Commissioners, with an 11 hole RC drill program about to commence at its 100% owned Dalton Project near Gunning in NSW.
Rigs will continue drilling both the Cowarra and Dalton targets during 2012.
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