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Planet Exploration Inc. (TSXV:PXI) announced it has intersected more than 80 metres of silicification with sulfide mineralization while testing the projection of previously reported results at the Golden Loon project near Kamloops, southern British Columbia.
Planet Exploration Inc. (TSXV:PXI) announced it has intersected more than 80 metres of silicification with sulfide mineralization while testing the projection of previously reported results at the Golden Loon project near Kamloops, southern British Columbia. The mineralized zone continues down-dip from visually similar mineralization drilled in late 2011 which returned 30.2 metres of 1.17 g/t gold in drill hole GL-11-006.
As quoted in the press release:
Strong silica alteration plus sulfides are present from approximately 30 metres to 115 metres in drill hole GL-12-017. Drilling is testing a from-surface, shallowly plunging mineralized target within one of the large structurally-associated, silicified and gold-mineralized zones that Planet has drilled for over 700 metres of strike. These zones remain open to extension beneath an 8 square kilometre gold-in-soil and bedrock system.
Multiple drill targets have been identified through a combination of soil geochemistry, ground-based geophysics, geological mapping and prospecting, maps of which are posted to the Company’s web site. Only two of these targets have been drill tested to date, both with positive results.
Planet President, Chris Taylor, said:
“The Company is very pleased with the rapidly expanding scope of the from-surface gold-mineralized system now being drilled at the Golden Loon, and plans to continue aggressive follow-up drilling throughout 2012.”
Click here to read the Planet Exploration Inc. (TSXV:PXI) press release