Positive initial drilling results from Norseman Gold Project

Kalgoorlie-Boulder Resources has received encouraging results from the initial drilling....

  Kalgoorlie-Boulder Resources has received encouraging results from the initial drilling program at its Norseman Gold Project, with results extending the continuity of gold mineralisation 150m along strike at the North Scotia deposit and in-filling the existing inferred resources at Mt Henry and Selene.Some of the more significant intersections were 2m @ 9.15g/t from 66m and 2m @ 7.97g/t from 6m at North Scotia, 3m @ 2.31g/t from 85m at Selene, and 3m @ 2.50g/t from 103m at Mt Henry. Kalgoorlie-Boulder Resources Managing Director, Trevor Matthews said the company was extremely pleased with the results as they confirmed the geological model that had been developed for the Norseman Gold Project. “The objective of this initial program was to commence infill drilling at Mt Henry and Selene and to commence step-out drilling at North Scotia in order to increase the current 1.23 million ounce inferred resources,” Mr Matthews said. “These results provide an outstanding basis for us to proceed with the second phase of drilling at Norseman this year as it have confirmed the mineralisation extends over a longer strike length than previously defined at North Scotia,” he said. “The results strengthen our understanding of the current inferred resources delineated at Mt Henry and Selene as they validate our current geological interpretation of the Norseman ore bodies.” Mr Matthews said Kalgoorlie-Boulder Resources was now mobilising to commence the second phase of the drilling program, with the hopes of reporting further results later in the third quarter.