(Mogi: This development is dated yesterday morning. I deeply apologize for the tardiness)
Voyager Resources commences drilling at the Argalant Gold Project
June 8 (Fortbridge) Voyager Resources Limited (ASX: VOR) announces that diamond core drilling has commenced at its Argalant Gold Project in Mongolia. The initial programme is designed to test highly anomalous geophysical targets that were delineated from a recent Induced Polarisation (IP) survey conducted over the area.
The IP Survey returned strong chargeability anomalies that may indicate significant sulphide mineralisation that is associated with known areas of geochemical and structural anomalism.
• 49.3m at 0.50% copper from 23.7m in diamond drilling (ARDH2005-03)
• Historic rock chip sampling that has returned up to 191g/t gold and 10.3% copper.
The Argalant gold project is located approximately 900km west of the Mongolian Capital, Ulaanbaatar. The property is 21 square kilometres in size and is located in a similar geological setting to the nearby Golden Hills Gold-Copper Project. Golden Hills comprises massive sulphide bodies occurring within a favourable stratigraphical unit spanning more than 30 km in length that can be seen to host shallow portions of oxidised massive sulphide bodies that are gold rich. Golden Hills currently has a defined 43-101 compliant measured and indicated resource of 431,750 ounces of gold, 3,901,496 ounces of silver and 186,422 tonnes of copper and an inferred resource of 711,321 ounces of gold, 3,497, 955 ounces of silver and 136,629 tonnes of copper for a combined resource totalling 1.1 million ounces of gold, 7.4 million ounces of silver and 323,000 tonnes of copper.
The Company is planning to complete approximately 1,000 metres of diamond core drilling at Argalant over the coming weeks with initial results becoming available later in the second quarter.
Voyager’s Official Release: http://voyagerresources.net/pdfs/CommencementOfDrillingAtTheArgalantGoldProject08Jun10.pdf
(Mogi: VOR shares were up tenth of a cent on the announcement yesterday to A$0.018. No changes today)
"Mogi" Munkhdul Badral