Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Miners ActivEx has found high-grade gold, silver and lead at its fully owned Gilberton project
  • Gold grades up to 40.5 grams per tonne were identified at the Mt Hogan open pit
  • Testing will continue at the project and a drill campaign looks likely over the next year and a half
  • ActivEx’s share price remained flat today. Shares in the company are currently worth $0.18 apiece

Miners ActivEx has found high-grade gold, silver and lead at its fully owned Gilberton project, Queensland.

Assay results from the Mt Hogan open pit returned results of 40.5 grams per tonne of gold, 223 grams per tonne of silver and 22.6 per cent lead.

Testing at the Perryvale, Alcade and Limonite prospects also demonstrated high-grade results.

“These results confirm that the Gilberton Gold Project remains a high priority exploration target for 2019-2020 field season and beyond,” according to the company.

The project’s geological features make it comparable to the world class Kidston breccia which hosts gold and silver deposits.

Going forward, portable x-ray fluorescence surveys and rock chip and conventional soil sampling will be conducted at the Gilberton project.

A drill programme targeting multiple sites is being planned over the next year and a half.

ActivEx’s share price remained flat today. Shares in the company are currently worth $0.18 apiece.

AIV by the numbers
More From The Market Herald
Champion Iron (ASX:CIA) - CEO, David Cataford

" Champion Iron (ASX:CIA) achieves record net income in June quarter

Champion Iron (ASX:CIA) has achieved a record net income of C$75.6 million (roughly A$78.9 million) during…
Champion Iron (ASX:CIA) - CEO, David Cataford

" Champion Iron (ASX:CIA) to return to full production at Bloom Lake

As of April 15, mining services have been deemed a "priority service", so Champion can ramp…
Champion Iron (ASX:CIA) - CEO, David Cataford

" Champion Iron (ASX:CIA) winds down mining at Bloom Lake

Mining company Champion Iron (CIA) will decrease operations at its Bloom Lake mine in Canada, per a government directive.

" A recommissioned mine pushes Champion Iron over a significant milestone

Canadian based mining explorer Champion Iron reached its ten-millionth shipped tonne of iron ore today, thanks…