Deals19 Nov 2024, 09:44 pm
Deccan Gold Mines Announces High-Grade Gold Intersections in Altyn Tor Project, Kyrgyzstan
AI Summary
Deccan Gold Mines Ltd. has announced the results of the 2024 drilling program at the Altyn Tor Gold Project of Avelum Partner LLC, Kyrgyzstan. The results reveal new high-grade intersections indicating potential to augment gold resources. The existing in-situ Mineral Resources stand at about 180,000 ounces in 3.2 million tonnes of ore grading 1.74 g/t Au. The company expects assay results from the remaining holes over the next few months and will update shareholders of any significant intersections. Planning has commenced for the next phase of drilling in late-Q1 to early-Q2, 2025.
Key Highlights
- Deccan Gold Mines announces high-grade gold intersections at Altyn Tor Gold Project
- Existing in-situ Mineral Resources stand at about 180,000 ounces in 3.2 million tonnes of ore grading 1.74 g/t Au
- New high-grade intersections indicate potential to augment gold resources
- Assay results from remaining holes expected over the next few months
- Planning for the next phase of drilling in late-Q1 to early-Q2, 2025