Archean Star updates gnaweeda diamond drill program
December 6, 2011
Archean Star Resources Inc. ("Archean" or the "Company") announces that the first diamond drill hole has been completed, and the second diamond drill hole in the current diamond drill program, TB007, is now underway on the Turnberry zone at the Gnaweeda Gold Project ("Gnaweeda") at Meekatharra in the Murchison Gold District, Western Australia.
Drill hole TB006 was completed to a depth of 326.9 meters and is an approximately 50 meter step out hole from diamond drill hole TB003 where the Company intersected 3 meters grading 8.27 g/t Au and 16 meters grading 2.34 g/t Au and Teck Australia Pty, Ltd, ("Teck") hole GNRC009 that intersected 4 meters at 17.77 g/t Au. Hole TB007 is collared 50 meters east of TB003 and is targeting down dip of the supergene enriched zone of 16 meters at 2.34 g/t Au encountered in TB003. The collar of the third diamond drill hole, TB008 is located approximately 50 meters north of TB006.
In diamond drill hole TB006, mineralization begins approximately 150 meters down hole and consists of significant quartz veining along with pyrite that is present over much of the same interval, locally up to 5%, and is notably abundant in the lower parts of the hole. Gold intersections in both TB003 and GNRC009 are associated with pyrite.
The current drill program is on the southernmost of the three earlier identified higher grade gold zones within the main 2.5 km x 750 m Turnberry zone.
The TB006 drill core is currently being logged, split, and sampled, after which the samples are to be submitted for assay to the ALS Chemex laboratory in Perth, Western Australia. Assay results will be released as received.
It's all happened before and it will all happen again. Might as well profit from it.
