Sydney, Australia, July 4, 2012 - (ABN Newswire) - Vector Resources Ltd (ASX:VEC.AX - News) is pleased to announce that it has received further assay results from the priority drilling of the Phase 3 reverse circulation (RC) program at the Company's Gwendolyn East Project in Western Australia.
The single metre and four metre composites received are a combination of extensional and infill drilling. These results identify that the mineralisation envelope continues to expand. These results were not included in the recent resource upgrade announced earlier in June 2012 which had expanded the global resource to 308,765 Au ounces as indicated in Table 1 (refer to link below).
GDH007 intercept of 4 m @ 47.99 g/t including 1m @ 191 g/t is outside the current resource and hole G194, 8m @ 26.87 g/t further extends the high grade zone associated with Holes G014, G016, G193 and GDH001.
The Phase 3 drill program is nearing completion with two RC drill rigs currently on site. Phase 4 will continue without any delay drilling extensional targets in all directions of the known mineralisation envelope.
Gwendolyn has the potential to increase the current resource, with encouraging fundamentals including:
- High Grade intercepts identified outside current mineralisation envelope and remains open in all directions; and
- Extensional exploration will continue to push existing ore boundaries as a priority.
To view the complete Vector Resources announcement including Tables, please click on the link below:
About Vector Resources Limited:
Vector Resources Limited (ASX:VEC.AX - News) is a Western Australian focussed resource company with a corporate vision of acquiring and developing highly prospective resource assets that have the capacity of adding significant shareholder value.
Vector Resources Limited T: +61-2-6389-5750 E: firstname.lastname@example.org WWW: www.vectorresources.com.au
Vector Resources Limited
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