Scotgold Resources Limited (AIM:SGZ) has continued to apply the ‘ionic leach’ method to stream sediment sampling and soil sampling as it continues its exploration programme at the Grampian Project in Northern Ireland.
CEO, Richard Gray, said the focus of exploration work has been to continue to focus on an extension to the soil sampling grid at Inverchorachan and to commence a large scale soil sampling grid over the company’s Beinn Udlaidh prospect.
Additionally, a regional stream sediment sampling programme has also commenced within six of the 13 option areas and will continue in the upcoming 2020 field season.
At Inverchorachan the existing sampling grid has been extended to the south and southwest, where the identified soil anomaly was open along strike and within the previously identified drainage anomaly area. A total of 177 samples were collected and analysed, covering a distance along strike of approximately 500m with the resulting data interpretation outlined in figure 3.
Mr Gray said the most recent sampling has shown that the gold anomaly continues along strike to the southwest. The anomaly follows the regional Tyndrum fault which runs through the area.
Scotgold believe the anomaly may also be related to an altered intrusive which has been mapped in the area.
Mr Gray said the extension of the grid to the south and southwest has better defined the extent of the anomaly, which was previously, and still remains, open.
“It is clear that further sampling is required, to extend the soil grid further to the southwest and northeast, to determine the extent and nature of the observed anomaly. The encouraging results from stream sediment sampling indicate that the anomaly may extend further to the southwest for a considerable distance along strike.”
Consistently high gold and silver values have been detected at Inverchorachan. In addition to the previous high gold and silver in soil values reported previously of 124.5 parts per billion (ppb) Au and 420 ppb Ag, further values of 70.4ppb Au and 54.8ppb Ag were detected as part of the latest extension sampling programme. The significance of these values is assessed by considering them as a ratio to the background level, and this is illustrated in figure 3.).
At te Beinn Udlaidh prospect the focus has been of several exploration programmes in the past, by both Scotgold and Ennex International Plc., with stream and soil sampling over and around the prospect. Limited diamond drilling was also undertaken in the late 1980’s by Ennex and most recently in 2010/11 by Scotgold.