Analysis of the global market, liquidity, supply and demand, gold as a monetary asset. Market news and reports

www.marketintelligence.gold.org

Hello, you either have JavaScript turned off or an old version of Adobe's Flash Player. Get the latest Flash player.

Gold

Core drilling at Mountain of Gold underway > Gold News > World Gold Council, gold market information and intelligence

 

Core drilling at Mountain of Gold underway

The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Thursday, 1st June 2006 (4051 views)

Pan African Mining has commenced the second phase of drilling at the Mountain of Gold Project in Madagascar.

In a statement the company confirmed that phase two had started following the successful completion of its exploration programme.

The Mountain of Gold project covers around 1,825 sq km in the Dabolava region of Madagascar.

"The Dabolava East zone contains numerous east-west, steeply dipping, shear-zone hosted, gold-bearing quartz veins," Pan African Mining said.

Eight zones have now been targeted for core drilling.

The company is also planning to drill permissive zones potentially hosting high-grade gold mineralization along the 10km north-west trending Mountain of Gold shear system.

 

« Back to Gold News stories

 

Gold News Archive:

 
 

Search

Search our gold investment information.

  • Gold Spot Price
  • Bid: $1161.90
  • Ask: $1162.70
  • Last Update: 06:51 GMT
© 2009 World Gold Council - all rights reserved. Produced and managed by CFP Group.