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Auryx Gold Discovers A New Zone At The Otjikoto Gold Project In Namibia

Written by Investing News Network
|
Nov. 23, 2011 10:24AM PST

Auryx Gold Corp. is pleased to announce the discovery of a new zone, the “K2 shoot”, at Otjikoto.

As quoted in the press release:

Auryx Gold Corp. is pleased to announce the discovery of a new zone, the “K2 shoot”, at Otjikoto.

As quoted in the press release:

The K2 shoot occurs a few hundred meters to the northeast of the PEA pit. It has been intercepted in five drill holes representing 400m of strike/plunge and is open along strike and dip. The location of the new holes can be viewed at

https://auryxgold.com/projects/otjikoto_drill_program/plan_views/nov_23_11/.

Auryx Gold Corp, CEO, Mr.Searcy, said:

“The K2 shoot is a true geologic discovery. The new structurally controlled model that we have developed is a significant step forward in our geologic modelling and drill targeting at Otjikoto. The model describes the mineralization of the current resource and has now demonstrated predictive powers for locating new zones of mineralization, such as K2. I expect that this will greatly improve the exploration hit rate and it has positive implications for resource growth.”

Click here to read the Auryx Gold Corp. (TSX:AYX) press release


Click here to see the Auryx Gold Corp. (TSX:AYX) profile.

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