🕐28.01.10 - 01:11 Uhr
Kalgoorlie North Gold Project - High Grade Drill Results
Atom Energy
ASX Announcement
28 January 2010
Kalgoorlie North Gold Project - High Grade Drill Results
The Directors of Atom Energy Limited (Atom or the Company) are pleased to
announce the initial results of the recent drilling programme at the
Companys Kalgoorlie North Gold Project, located approximately 45km north
of Kalgoorlie, Western Australia.
-------------------------------------------------------------------------------Highlights:
Reverse circulation and diamond drilling conducted on the Zoroastrian and
Excelsior deposits within the Kalgoorlie North Gold Project confirms
historic drilling results and extensions to the mineralised zones
Significant drill results include:
Zoroastrian
§ 4 metres @ 144.36 g/t Au over the range 29 metres to 33 metres
§ 5 metres @ 16.64 g/t Au over the range 37 metres to 44 metres
§ 11 metres @ 3.49 g/t Au over the range 58 metres to 69 metres
§ 12 metres @ 6.26 g/t Au over the range 106 metres to 118 metres
Excelsior South
§ 63 metres @ 1.99 g/t Au over the range 131 metres to 194 metres (from 65
meters below the current mined pit floor)
§ 4 metres @ 9.43 g/t Au over the range 170 metres to 174 metres
§ 10 metres @ 5.15 g/t Au over the range 160 metres to 170 metres
§ 10 metres @ 5.54 g/t Au over the range 160 metres to 170 metres
o Excelsior North
§ 24 metres @ 3.13 g/t Au over the range 23 metres to 47 metres
§ 22 metres @ 1.37 g/t Au over the range 185 metres to 207 metres
A new resource upgrade is expected at completion of this drilling
campaign.
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Drilling Results Summary
Assay results have been obtained from the recently completed 6,210 metre
drilling program at the Excelsior and Zoroastrian project areas where
drilling was designed to upgrade and increase the existing JORC compliant
Inferred Resource at a 0.6g/t Au lower cut of:
Excelsior 4.22 million tonnes @ 1.4g/t for 187,600 ounces Au
Zoroastrian 1.48 million tonnes @ 1.3g/t for 63,000 ounces Au
Total Inferred Resources for the Kalgoorlie North Gold Project, prior to
the recent drilling program, are currently 8.0 million tonnes @ 1.4 g/t Au
for 366,000 ounces.
The Kalgoorlie North Gold Project covers a substantial mineralised province
within the Kalgoorlie goldfields where Atom is targeting resource expansion
to 500,000 ounces this financial year.
Following the positive results from
the recent drill programs at Excelsior and Zoroastrian, planning is
underway for extensive new drilling campaigns on other resource areas
within the Project.
This next round of drilling is scheduled to commence in the coming months.
Completion of an upgraded and increased JORC resource report for the
Kalgoorlie North Gold Project is also expected by the end of this quarter.
To download the full announcement, click here:
http://esp.gewru.com/download/files/12414/1062322/20100128%20-%20Kalgoorlie%20North%20Gold%20Project%20-%20High%20Grade%20Drill%20Resu.pdf
For further information, please contact:
Atom Energy Limited
Bruce Lane
Executive Director
T: + 61 8 9481 2276
E:
Media
Felicity Nuttall
Professional Public Relations
T: + 61 8 9388 0944
E:
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