Aureka Limited has hit visible gold in seven separate spots within a single diamond drill hole at its emerging Comstock prospect at the St Arnaud project in western Victoria, setting up massive anticipation around the final assay results.
The multiple gold shows point to the fresh high-grade potential north of an existing 56,500 ounce inferred resource at Comstock, with the company indicating the new results are from just the second hole logged of a seven-hole program.
Stunning shows of visible gold in drilling at Aureka Ltd’s Comstock prospect in Victoria.
Management says its fine grains of visible gold appear littered throughout quartz veins between 115.4m and 124.1m down hole, as logging and sampling continue on the hole and in four others.
With laboratory assays due in about three weeks for some 2253m of drilling, the signs of life at depth look promising for this historically high-grade goldfield.
The company says a detailed review of the local stratigraphy is running alongside the lab work to additionally sharpen future drill targets.
‘It is wonderful to see occurrences of visible gold now at St Arnaud Comstock.’
Aureka Ltd managing director James
Aureka Ltd managing director James Gurry said: “It is wonderful to see occurrences of visible gold now at St Arnaud Comstock. With a JORC Resource and further encouraging drill results in close proximity to several operating mills, Comstock represents a possible future pathway to small scale production.”
Aureka’s visible gold sits outside the current 56,500-ounce inferred resource grading at 1.21 grams per tonne (g/t), lifting company hopes that the deposit can easily stretch towards the exploration target of 112,000 to 116,000 ounces at 1.0g/t to 1.2g/t.
Earlier drilling in the same program delivered solid hits in hole one, including 6.9m at 4.24g/t from 422m and 3.2m at 4.71g/t from 434m with a 0.6m slice running 19.9g/t. Mineralisation ties to sheared quartz reefs laced with pyrite, galena and sphalerite inside the NNW-trending Comstock shear, a structure known for steep-plunging shoots in the St Arnaud goldfield.
