“Phase one of the program was a 12 hole deep core drilling program, and we were successful in encountering significant gold mineralization in 11 of those holes. So we achieved our objective, which was to extend the Ronguen Deposit at depth—below the 80 metres that previously was in the resource report—to between 120 and 160 metres below surface. That was clearly very successful.
“The news release yesterday discusses the first five drill holes of phase two—the only holes for which we have assay results at this point. We encountered gold mineralization in all five holes, and in hole 96 we encountered absolutely blockbuster grades. We think that in this one hole we’ve exposed a new zone that was beneath the old Ronguen Main zone. We certainly have made a discovery of some sort, and will be devoting further drilling to trying to define that. So this is a big, big step forward for the Ronguen Deposit.”
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