RSS SubscribeAugust 30, 2022
RooGold ispleased to report that it has received high-grade gold assays from the first pass prospect sampling at its 100% held Gold Star project (EL 9215) located within the New England Orogenic Terrain in New South Wales, Australia.
Highlights – Gold Star EL 9215
- Rock chip sampling at Golden Star and Golden Bar Historic Gold mines, returned assays up to 23.1 g/t Au confirming high grade gold mineralization.
- Mapping and sampling of gold-bearing quartz veins in historical workings returned assay results of 9.41 g/t Au and 6.38 g/t Au.
- Little to no exploration has been undertaken in modern times beyond Golden Star and Golden Bar with numerous additional high grade, past producing prospects identified along a 10 km strike to the south to be sampled upon grant of access.
- The localization of high-grade gold in quartz veins confirms the structurally controlled nature of mineralization and supports an orogenic exploration model.
Carlos Espinosa, President & Chief Executive Officer of RooGold commented, “The prospect sampling at our Gold Star Project has returned very high-grade gold assays from the historical workings at Golden Bar and Golden Star prospects. These results confirm the potential for significant gold mineralization. We have identified numerous other highly prospective gold targets within this tenement and our field team is looking to sample as soon as surface access is available.”