Sihayo Gold Limited (ASX:SIH) has obtained strong results of the current drilling programme at the company’s Sihayo Starter Project in North Sumatra, Republic of Indonesia.
The latest results are from the second stage of a drilling program targeting extensions to known deeper high-grade gold mineralization located below the planned Sihayo pit.
“The latest outstanding results from the Sihayo deeper targeted drilling programme continue to validate the company’s exploration model for Sihayo,” Executive Chairman, Colin Moorhead, said.
“We believe the Sihayo gold deposit, which appears to be strengthening in both grade and thickness at depth, is analogous to the multi-million ounce Cortez Hills gold deposit in Nevada. With these latest intercepts, we believe there is strong potential to grow the resource and further strengthen the case for an independent underground operation at Sihayo.”
Drilling in progress at Sihayo is a follow-up program on encouraging gold intercepts previously reported from the Stage 1 drilling programme in 2022 and the recently announced early gold intercepts reported from the Stage 2 drilling programme.
Both programs test for extensions to deeper high-grade gold mineralization located beneath the southern end of the planned starter pit on the Sihayo resource. Some of these deeper zones extend beyond the 2022 Mineral Resource estimate for Sihayo.
The holes from the most recent drilling programme are located on the southern end of the proposed Sihayo pit shell
A total of 14 holes for 4,736m has been completed in the follow-up drilling programme using two man-portable diamond drill rigs. Drilling commenced in late November 2022 and continues with a further four holes for around 1,500m remaining to be drilled in the current program. This programmr is expected to be completed in the second quarter of CY2023.
Assay results have been received for a further three drill holes (SHDD651, SHDD652, and SHDD653). Thick high-grade gold intercepts in jasperoid mineralization were returned in two holes, SHDD651 and SHDD653.
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