Sydney, Australia (ABN Newswire) - Sovereign Gold Company Ltd. (ASX:SOC) presents the final report for diamond drill hole GHD001, affirming the significant scale of gold mineralisation in Hobbs Pipe 1.Assay results certified by ALS are:886m @ 1.2g/t Au from surface,Including: 400m @ 1.4g/t Au from surfaceIncluding: 720m @ 1.3g/t Au from surfaceAssay results and geological logging of drill core show that GHD001 skipped out [...]
Sovereign Gold with the next Deep Diamond Hole (GHD004) underway with the next Deep Diamond Hole commenced on schedule and testing lateral extent of Hobbs Pipe 1 at depth. The second deep diamond drill hole is underway on schedule at the Hobbs Deposit Pipe 1 target. The Hobbs Deposit Pipe 1 target is located on EL 6372. Drilling is planned to a depth of ~1,000 meters.The objective of this hole is to provide validation of [...]
The Board of Sovereign Gold are extremely pleased to announce a major extension to the depth potential of the Mount Adrah Hobbs Pipe 1, with assays extending known mineralisation to at least 576m depth. Priority was given to assay core cut commencing at 284m as gold grades to 300m have already been reported, such as DGG1: vertical hole with 313m @ 1.42g/t Au from 2m - 315m. New core from GHD001 for this interval is being [...]
Sovereign Gold has potentially made a significant gold discovery in New South Wales as initial drill results confirm substantial gold mineralisation at its Mt Adrah Hobbs deposit, located 60km south-east of Wagga Wagga. In what is proving to be a game changer for the company, results of the first drill hole at Hobbs Pipe 1 of the deposit have confirmed gold mineralisation over a depth of at least 576 metres - extending [...]
Sovereign Gold Announce a 2,500m multiple hole diamond drilling program is underway on the 1.55km long gold-bearing structure, discovered with Sovereign Gold's co-operation partner SUGEC, in EL 7491. Fully funded 2,500m drilling campaign at Uralla continues: 2,500m diamond drilling campaign at Uralla is underway. Fully funded by Joint venture partner, SUGEC, funding $2m exploration program on EL 7491 to March 2014 [...]
The initial drill hole (GHD001) was completed at 1029.6 metres with mineralisation observed both in altered monzodiorite and quartz veined metasediments throughout. There is a continuous intercept with visible mineralisation from surface to 886m, with zones of mineralised monzodiorite extending to bottom of hole. Geologists have interpreted the system to extend much deeper than the currently observed mineralisation [...]
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