Market Herald logo


Be the first with the news that moves the market
  • First hole drilled at Exore Resources’ Veronique gold discovery has returned high-grade gold
  • A single hole was drilled at Veronique and returned a result of 8 metres at 7.74g/t gold from 78 metres
  • A more extensive diamond core and reverse circulation drill will be undertaken later in the year

Exore Resources has announced that its first hole drilled at the Veronique discovery returned high-grade, free-milling gold.

A single diamond drill hole completed at Veronique returned a result of 8 metres at 7.74g/t gold from 78 metres and a gold extraction rate of 90 per cent from unoptimised baseline cyanide leaching.

This hole is located beneath a well developed zone of weathering that extends to a depth of 70 metres.

Gold mineralisation at Veronique is hosted by zones of quartz veining and sericite alteration. Pyrite is the dominant visible sulphide and is accompanied by minor visible gold.

“Veronique is shaping up as a high-grade gold discovery with exciting scale potential given the extent of the high tenure gold in soil anomalism over 8 kilometres by 2 kilometres,” Managing Director Justin Tremain said.

Recent broad spaced air-core (AC) drill traverses successfully intersected high-grade gold mineralisation across multiple lodes of WNW striking gold mineralisation.

The AC drilling identified at least five sub-parallel zones of WNW striking gold mineralisation with each of the zones intersecting strike lengths over 1000 metres.

A single diamond hole was designed to test for down dip extensions of high-grade gold mineralisation into the fresh rock to provide further geological information.

This will assist in future drill hole planning and to provide further geological information for samples for preliminary metallurgical test work.

AC drilling will now continue at Veronique over the next couple of months to tighten the spacing of AC traverses to 50-100 metres before undertaking a more extensive diamond core and reverse circulation drill later in the year.

“Exore’s exploration efforts will be focused primarily on Veronique over the coming 6-12 months, along with some further drilling targeting additional shallow oxide gold mineralisation at the Antoinette area just 12 kilometres to the north,” Justin added.

ERX by the numbers
More From The Market Herald

" St George Mining (ASX:SGQ) moves to diamond drilling at Paterson

St George Mining (SGQ) has kicked off diamond drilling at its Paterson project in the Pilbara region of Western Australia.
The Market Herald Video

" Maximus Resources (ASX:MXR) continues high-grade gold finds at Wattle Dam

Maximus Resources (ASX:MXR) has continued its high-grade gold finds at the Wattle Dam project in Western…
The Market Herald Video

" Marmota (ASX:MEU) expands Aurora Tank drilling program

Marmota (ASX:MEU) expands its drilling program at the Aurora Tank gold project in South Australia.

" Genmin (ASX:GEN) grows Baniaka resource by 168pc

Genmin (ASX:GEN) reports a significant increase to the mineral resource estimate at its wholly owned Baniaka…