Genesis Resources (ASX: GES) has discovered some very high grade gold from drilling in the Republic of Macedonia at its Plavica Prospect.
The grades of up to 50.1g/t gold were some of the highest to date with some silver and copper as well.
The best from the program which commenced in 2012 included 3 metres at 26.4 g/t Au, 2m at 50.1 g/t gold and 75.5 g/t silver. These were from over 200 metres depth.
Drilling is ongoing which started on 28th March and will focus on these high grade zones.
During the December quarter, 23 RC and 3 diamond drill holes were drilled at Plavica and every hole was successful in encountering mineralisation.
The company had $4.1 million in cash at the end of the December quarter 2012.
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