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Abzu Gold Ltd. (TSXV:ABS, OTCQX:ABZUF) has started to mobilize in preparation for the 2013 drilling season at Nangodi.
Abzu Gold Ltd. (TSXV:ABS, OTCQX:ABZUF) has started to mobilize in preparation for the 2013 drilling season at Nangodi.
As quoted in the press release:
The Company has contracted Geodrill Limited to drill approximately 5,000m of combined reverse circulation (RC) and diamond drill core to extend known mineralization along the mapped 1.2km strike and fill-in between existing holes. The data collected from this program will enable the Company to proceed with a maiden gold resource estimate and to begin planning a feasibility study.
Abzu’s CEO, Tim McCutcheon, said:
Nangodi as a project has been explored by several operators over the past 20 years. Additionally, it was an operating mine in the first half of the last century. Although to-date there has not been a gold resource published for the property, it is more de-risked than it seems given the volume of past drilling and trenching. Our intent in 2013 is to link together the work done by past operators and compile all the data into one resource number to give investors a better idea of where Nangodi stands today and what potential it has for resource expansion in the future.
To view the full press release, click here.