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Vector Resources Keeps The High Grade Gold Hits Rolling At Gwendolyn

Vector Resources' (ASX: VEC) Gwendolyn East Project in Western Australia continues to deliver high grades, of up to 19.79 grams per tonne (g/t) gold, through extensional and infill drilling.

However, this wasn't the only high grade result with significant results from this round of drilling.

What is exciting is that targeted deep holes have potentially intercepted the top of the high grade conduit zone.

The company has been testing areas to the southeast of the historic open pit and to the southwest of the known mineralisation envelope at depth while completing the infill drill pattern within the mineralisation envelope.

Highlight assays include 4 metres at 19.79g/t from 132 metres, 3 metres at 14.45g/t from 29 metres, 2 metres at 12.35g/t from 92 m, 2 metres at 9.19g/t from 95 metres, and 2 metres at 5.60g/t from 9 metres.

The assays received are from both the priority drilling of the phase three reverse circulation program and initial deep holes from phase four targeting the potential mineralisation conduit at Gwendolyn East.

With these and previous drill results, Gwendolyn has strong potential to increase the current Indicated and Inferred Resource of 4.2 million tonnes at 1.58g/t gold for 214,500 ounces.

High grade intercepts have been identified outside the current mineralisation envelope and remains open in all directions.

As part of the phase four program, Vector has been targeting the western extension at depth with holes planned to depths of 250 metres.

Previous drilling on the southwest limb indicated that the mineralisation envelope was steepening to possible sub‐vertical angles at depths greater than 130 metres.

Ten holes were planned to test this theory as it had the potential to identify the main conduit of the mineralised fluids during the formation of the deposit.

Assays from seven of the 10 holes show a large band of about 23 metres of material previously identified at Gwendolyn as being gold bearing at depth.

One hole in particular appears to have hit the top of the high grade conduit zone, with significant grade identified on the hanging‐wall of the intercept.

With continued drilling of this area Vector hopes to confirm that the mineralisation envelope is steepening at depth.

This change in the dip at depth is more acceptable to conventional long‐hole open stoping mining methods for future underground mining scenarios.

Vector currently has over 82 complete holes awaiting assays which will complete the phase three infill drilling.

Gwendolyn at a glance

Gwendolyn consists of two tenements covering over 480 hectares, and are hosted within a known gold producing area in the Southern Cross region of Western Australia.

Highlighting the potential of the project, during 2012 Vector has been discovering bonanza grade gold such as 5 metres at 253.33g/t gold from 24 metres, including 1 metre at 1,165g/t gold.

Past production at the site includes documented recovered gold grades of 15.7g/t gold from mining the Archaean banded iron formation hosted gold ore bodies at nearby Evanston and adjacent Blue Peter, Kitchie's and Goldies workings.

Analysis

These continue the strong results from Gwendolyn. With continued drilling of this area the Vector is hoping to confirm that the mineralisation envelope is steepening at depth.

Impressively, high grade intercepts have been identified outside the current mineralisation envelope and remains open in all directions.

With over 82 complete holes awaiting assay results, which will complete the phase three infill drilling and continue to expand the company's understanding of the potential extension of the mineralisation envelope in multiple directions, there are significant catalysts for advancement for Vector - includind potential to increase the current Resource.

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