These significant results continue to strengthen the high-grade mineralisation over the 1.8-kilometre strike
Zuleika Gold (ZAG) has announced some more high-grade results from the Paradigm East prospect in Western Australia (WA).
The Zuleika Project, along with Credo, Goongarrie and Menzies, form the company’s “Kalgoorlie portfolio”.
Zuleika holds a 75 per cent interest in the Paradigm East prospect (part of the Zuleika Gold Project) through a joint venture with Torian Resources (TNR).
The company drilled 11 holes targeting the 1.8-kilometre-long east-west mineralised structure.
Best results include four metres at 4.93 grams of gold per tonne (g/t) from 71 metres, including one metre at 18.48g/t gold from 72 metres, 10 metres at 2.53 g/t gold from 51 metres including six metres at 3.7g/t gold from 52 metres.
These significant results continue to strengthen the high-grade mineralisation over the 1.8-kilometre strike.
Commenting on drilling results, Zuleika Gold Managing Director Annie Guo said: The results confirm that we are in part of a gold mineralised corridor which extends from Evolution’s Paradigm Mine into Zuleika Gold’s Paradigm East tenements over 2.5-kilometre strike.
The high-grade results received from the 11 new drill holes beneath the supergene zones demonstrated a continuity of gold mineralisation at depth in the primary zone, she said.
The company is planning a follow-up program to test further along strike and to test for mineralisation continuity at depth.
Company shares closed the day 6.25 per cent in the red to end at 3 cents.
Zuleika Gold completed a successful 2020 exploration season and it is well placed to follow-up in 2021 the first-tier targets generated at its “Kalgoorlie portfolio” in 2020 after a $6 million capital raising in December 2020.