RNS12 Jul 2011 17:09
The discovery of this new high grade gold zone further enhances the prospects of Crater Mountain ultimately becoming the next major gold discovery in PNG. Whilst most of the excitement to date has arisen from drill results that point to the presence of a large bulk tonnage deposit at the Main Zone, the project will certainly benefit from the existence of supplementing a main deposit with a near surface, high grade gold deposit, akin to the development at Barrick's Porgera mine.
"We are awaiting results from the final hole of our maiden drilling campaign, NEV023, which also targeted the artisanal mining zone. Results are expected within a week."