Auryx Gold Releases Results of Exploration and Infill Drilling From Otjikoto Gold Project in Namibia
Auryx Gold (TSX:AYX) announced assay results from 34 diamond drill (“DD”) and 7 reverse circulation (“RC”) holes in the central and eastern region of the current modeled pit at the Otjikoto gold project in Namibia.
As quoted in the press release:
All holes drilled on the Central shoot are located “in-pit”. Exploration holes (OT) have been drilled into waste blocks or exploration targets with the purpose of discovering new zones of mineralization or extending known zones, whereas infill drilling (TC holes) is done to convert the 43-101 resource estimate from inferred to indicated in certain regions. Highlights from the results include 4 m of 6.21 g/t Au, 17 m of 1.45 g/t Au, 23m of 1.57 g/t Au, 23m of 1.29 g/t Au and 33 m of 0.80 g/t Au.
Auryx Gold CEO Mr. Tim Searcy said:
“Drill results from the Central Shoot have been successful in extending the shoot downplunge to the south and could positively impact on the ultimate pit design. Drilling to the east in the East 1 Shoot and further along line 7200 demonstrate that the mineralization at Otjikoto is much more extensive than previously demonstrated. Ongoing work continues to improve the geologic model which should positively impact resource growth and the economic potential of Otjikoto.”
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