Crocodile Gold Reports High-grade Drill Results from Fosterville

Crocodile Gold Corp. (TSX:CRK) announced results for 138 drill holes across 31,550 meters completed at its Fosterville gold mine during a US$5.6-million drill program. The program was focused on the Phoenix and Lower Phoenix targets.

As quoted in the press release:

• High-grade drill intercepts for newly identified East Dipping Faults and Kestrel Structures which respectively include 55.57(1)g/t Au over 8.5m (ETW 4.62m) and 12.06 g/t Au over 2.70m(ETW 2.06m). These structures occur below the Phoenix and Lower Phoenix Faults, and in the case of the East Dipping Faults, visible gold occurs in addition to the more common disseminated sulphide gold mineralization. The drilling program also confirmed continuous mineralization along the newly identified structures.

• High-grade Lower Phoenix Footwall Fault intercepts identify significant gold mineralization over an 80m vertical extent with the most northern intercept approximately 240m along-strike (down-plunge) from current mineral reserves.

• Lower Phoenix Footwall structure intercepts include 123.10(1)g/t Auover 9.45m (ETW 3.99m), 51.34(1)g/t Au over 6.80m (ETW 6.0m), and 294.23(1)g/t Au over 1.85m (ETW 1.26m). High-grade intercepts have strong potential to extend mineral resources and

Click here to read the full Crocodile Gold Corp. (TSX:CRK) press release.