Genesis Resources (ASX:GES) has intercepted broad, fresh zones of gold oxide mineralisation at its Plavica project in Macedonia.
Significantly, the first scout hole from the Maricanski Rid prospect, a silica cap 800 metres to the south of Plavica, intersected 46 metres at 1.59 grams per tonne gold and 4.8 grams per tonne silver from 29 metres.
Assay highlights from the main mineralised zone include:
- 21 metres at 1.82 grams per tonne gold from 124 metres;
- 46 metres at 0.97 grams per tonne gold from surface; and
- 31 metres at 1.58 grams per tonne gold from 50 metres.
The main mineralized zone first reported in May is now significantly wider and longer, remaining open at depth and along strike. It is still open at depth and along strike.
Notable levels of silver, copper, lead and zinc were recorded.
A number of holes drilled in the central part of the Plavica prospect are still awaiting assays.
Drilling is continuing with two core rigs and a reverse circulation rig in operation.
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