Genesis Resources (ASX:GES) would take alot of encouragement from a new round of drilling that encountered a new gold zone at the rapidly growing Plavica Prospect in the Republic of Macedonia.
In 2012, saw the JORC resource at Plavica increased as it included copper and silver as credits that lifted the total resource base to 3.66 million ounces of gold at 0.75 grams per tonne gold at a cut off grade of 0.5g/t gold.
The new round of RC drilling focused on a east-west trending zone on the nothern part of Plavica and returned some large gold widths and good grades including:
Best results
- 44m at 2.7 g/t Au from surface
- 54m at 3.9 g/t Au from 25m including 17m at 7.4 g/t Au from 38m and
- 65m at 3.1 g/t Au from 62m Including: 7m at 9.1 g/t Au from 87m
Interestingly, this zone is still open to the east and at depth.
High grade zone
Last quarter, a high grade gold (silver) mineralisation was intersected by Genesis from drilling that included 3m at 26.4 g/t Au, 25.0 g/t Ag, 0.14% Cu, for a Gold Equivalent of 27.12 g/t AuEq.
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