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  • Vector Resources' High Grade Gold Hits Continue At Gwendolyn 0 comments
    Oct 8, 2012 8:36 PM

    Vector Resources (ASX: VEC) has yet again delivered high grade gold intersections from the Gwendolyn East Project in Western Australia.

    Using reverse circulation, highlights from extensional and infill drilling included: 2 metres at 22.92g/t gold from 64 metres; 1 metre at 10.94g/t gold from 143 metres; and 1 metre at 10.29g/t gold from 138 metres.

    The importance of these results is that they identify the mineralisation envelope continues to expand.

    Supporting these high grade hits included the broader intersections of: 5 metres at 7.85 g/t gold from 44 metres; and 5 metres at 7.36g/t gold from 112 metres.

    The drilling program is testing multiple areas surrounding the historic open pit and extensions of the known mineralisation envelope. Infill drilling and portions of previously drilled holes not sampled are also contained within these results.

    SRK currently upgrading resource

    SRK Consulting is currently upgrading the resource of 214,500 gold ounces at Gwendolyn, which has significant upside and potential with encouraging fundamentals.

    These include; High grade intercepts identified outside current mineralisation envelope; Extensional exploration will continue to push existing ore boundaries as a priority; Potential high grade conduit identified at depth; and Substantial assay results pending.

    Proactive Investors is a market leader in the investment news space, providing ASX "Small and Mid-cap" company news, research reports, StockTube videos and One2One Investor Forums.

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