RED Mountain Mining has received exceptional surface gold results from sampling of proposed extensions of the South West Breccia (SWB) Main Lode and Hangingwall Lode on its Lobo Prospect at the Batangas Gold Project in southern Luzon, the Philippines. The rock-chip sampling results include 90.4 grams/tonne, 23.1 grams/tonne and 17.9 grams/tonne gold. The results have extended the SWB Lode drilling targets.
The majority of the results are from sampling surface outcrops and semi-residual boulders that occur along southwest strike projections of the SWB Hangingwall Lode and Main Lode and indicate a potential link with the Japanese Tunnel zone, 140 metres southwest of SWB. In addition, a single sample from an outcropping lode northwest and potentially parallel to the Limestone and new Tamarind targets, 500 metres southwest of SWB, produced a very high grade result of 31.7 grams/tonne.
Red Mountain said trenching to bedrock would be carried out to determine the width and average grade of these new occurrences before drilling to potentially define additional gold resources.
The objective of the current program is to locate all near-surface, high-grade zones at SWB to allow drilling and a new resource update before finalizing the definitive feasibility study. SWB already hosts a high-grade resource of 221,000 tonnes at 6.3 grams/tonne gold.
Red Mountain’s managing director Jon Dugdale says, “We’re obviously encouraged by these high grade gold numbers that come at a strategic time for us as we plan our next drilling campaign. We are also looking forward to drilling the new Tamarind target which offers potential for a new SWB-sized system based on the size of the soil anomaly in that area.”
The new Tamarind gold and silver target is up-slope, and in the footwall of the Limestone target. Red Mountain believes the new anomaly could be as big as the SWB anomaly and says it is projected to continue under the limestone cover.
Jon Dugdale says, “The Batangas/Lobo project continues to offer up exciting high-grade targets, and Tamarind is no exception. “It is associated with a multi-element soil anomaly and we only just detected it on the edge of younger limestone cover.
“The possibility that Tamarind is the main SWB lode, in the footwall of previous exceptionally high grades, only adds to the potential. Drilling has been planned to test this exciting new target as soon as possible.”
New interpretations suggest Limestone is a hangingwall lode, possibly a down-faulted wedge, displaced from the main or footwall lode by a normal fault.