Valiant Gold extends South Emu-Triton mineralisation by 400m
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- Valiant Gold received its first assay results from the maiden drilling programme at the South Emu-Triton deposit.
- The company's shares increased following the announcement of deep gold intercepts below the existing resource.
- Infill drilling will now commence to support upgrading the existing resource from inferred to indicated status.
Valiant Gold (ASX:VAL) intersected gold mineralisation 400m below its resource at South Emu-Triton.
The drilling targeted extensions below the existing resource of 1.7 million tonnes at 4.0 grammes per tonne gold.
The deepest drill hole returned a high-grade intercept of 34.2m at 2.97 grammes per tonne of gold.
That specific intercept included a high-grade zone of 3.6m at 15.55 grammes per tonne of gold.
Following the announcement, the Valiant Gold share price was up at $0.23.
The wholly owned Reedy Gold Project is situated within the Murchison region of Western Australia.
The company stated that this mineralised system extends over a 100-metre horizontal width.
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