News archive
February 2011
NEW ZEALAND - Alexander River drilling begins
Kent Exploration has mobilized a field team and diamond drill to the Alexander River Gold Project, about 25km southeast of Reefton on the West Coast of the South Island, to begin a minimum impact, diamond drill program.
The minimum 4-hole diamond drill program is planned to identify geology and structures to assist in determining the potential for the property to host economic gold mineralization.
During the company's 2010 surface sampling program, significant gold assays included 3.2 metres @ 24.6 grams/tonne gold including 1.9 metres @ 40.38 grams/tonne; 6.4 metres @ 6.87 grams/tonne including 3.2 metres @ 12.91 grams/tonne; 8 metres @ 10.56 grams/tonne including 2.9 metres @ 20.2 grams/tonne; and 12.8 metres @ 4.5 grams/tonne including 4.1 metres @ 9.13 grams/tonne.
The 2669-hectare Alexander River gold prospect encompasses the historic Alexander gold mine, which reportedly produced 41,091 ounces of gold from 47,726 tonnes of quartz prior to closing in 1943 due to war-induced labour shortages.
In 1988, CRA cleared and sampled historic trenches and adits, and the project was later acquired by Macraes Mining. Based on CRA's data and limited drilling, Macraes identified an auriferous halo of sulphide-hosted mineralization which exists around the early mined reefs with a resource potential of about 4 million tonnes grading more than 5 grams/tonne gold, for about 643,000 ounces of gold. Subsequently, Macraes carried out mapping, rock chip sampling, and a limited amount of drilling from the Level 6 workings.
Canadian-based Kent Exploration has received approval from the NZ Department of Conservation for the limited, minimum impact, diamond drill program.
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