Theindonesiatoday.com - Golden Peaks Resources Ltd is continuing the
Sondana North drilling at Tanoyan Gold Project, North Sulawesi as it has
shown better grades and widths occur deeper in the vein system post
recent drilling activities.
Golden Peaks received the newest three holes results intersected the
main Sondana vein, with best result at 14.95 meters @ 0.8g/t from 37.45
meters including 2.9 meters @ 1.6g/t Au from 41.70 meters.
Follow-up drilling in the Phase 2 program will test down dip
projections of mineralization in the Sondana Gap area, as well as other
prospective targets identified in Phase 1.
The company currently owns two drill rigs: Rig 1 is drilling the
Sondana vein system and rig 2 has concentrated on the Modupola vein
system. Drilling to date has primarily focused on the Sondana Modupola
veins.
Currently, the company is active on four of its five Indonesian gold
projects; drilling on the Tanoyan Gold Project, surface exploration
programs on the Palopo Gold Project, the Kapa Kapa Gold Project and the
Roko Gold Project. (bintang@theindonesiatoday.com)
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