Resource drilling completed at Maitland

19 December 2007 | 04:24 Code : 16305 Geoscience events
A comprehensive resource evaluation drilling program has been completed...

  A comprehensive resource evaluation drilling program has been completed at Glengarry Resources’ Maitland copper deposit, located within the company’s Greenvale Project in North Queensland.According to Glengarry, this initial drilling program comprised 67 reverse circulation percussion drill holes for a total of 8,467m, and was designed to define the open pittable portion of the deposit on a 20m by 20m pattern down to a depth of between 150m and 200m below the surface. Glengarry said it will use assay results from the drilling program to estimate a measured and indicated resource, from which a mining reserve will be established, in the first Quarter of 2008. The company has received results for the first 13 holes drilled in the program, with assays for all other holes expected by mid to late January 2008. Glengarry said the initial assays and visual logging confirmed the continuity of the mineralisation at Maitland, indicating that the deposit is open at depth. The company has scheduled a 5,000m diamond core drilling program to commence in early 2008, immediately after the finish of the northern Australian wet season. The core drilling will provide geotechnical information to assist Glengarry plan mining scenarios, as well as to test for deeper extensions of the deposit that could be exploitable by underground mining beneath the proposed open pit.

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