Sihayo Gold (ASX:SIH) has announced early results of follow-up drilling in progress at its Sihayo starter project in North Sumatra, Republic of Indonesia, targeting extensions to known deeper high-grade gold mineralisation.
Sihayo Gold says ten holes for 3,486m of diamond drilling have been completed to-date in follow-up drilling, and the first four holes intercepted 5m @ 5.50g/t Au from 257m, 4m @ 7.1g/t Au from 211m, and 5.3m @ 7.26g/t Au from 222m.
It also says mineralisation extends for at least 200-250m down-dip of the known gold resource and it remains open to the south and beneath the planned Sihayo pit.
Sihayo Gold's share price is up 100% this afternoon.