RNS - Extract14 Oct 2019 08:20
Mike Hodgson, CEO, commented:
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“At the Sao Chico orebody, development continues on the deepest level, -48mRL, with lateral development being undertaken to the west in the upper level of +186mRL. During the quarter we contracted a surface drilling contractor to undertake step out drilling east and west of the Sao Chico orebody to follow up on the results of the last drilling campaign undertaken during 2018. The intention of this new campaign is to drill the immediate strike extensions beyond the current mine limits, with subsequent step outs. After this initial work, the rigs will be assigned to test the near-minesite geophysical anomalies of Abelha, Besouro, Cicada and Cinderella, all of which lie within a 10 kilometre radius of Sao Chico.
“We are very excited about the prospectivity of these anomalies. They each exhibit geophysical signatures substantially better than anything else we have encountered around the Sao Chico deposit, and all have been the subject of significant artisanal mining activity, suggesting that the conductive body that we have identified has good potential to be gold bearing."