Greenstone Resources (ASX:GSR) - CEO & Managing Director, Chris Hansen
CEO & Managing Director, Chris Hansen
Source: Chris Hansen/LinkedIn
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  • Greenstone Resources (GSR) gets high-grade gold results from the Burbanks North deposit in WA
  • Newest results come from two holes which are the northernmost and deepest holes drilled under the 6500-metre drilling effort
  • Assays peaked at 9.08 g/t gold over 2.4 metres including 0.4 metres at 21.6 g/t gold
  • Greenstone also logged visible gold in three separate holes at Burbanks North with assays pending
  • GSR shares have been trading steady at 3.2 cents

Greenstone Resources (GSR) has announced more high-grade gold intercepts from the Burbanks North deposit.

Burbanks North is part of Greenstone’s Burbanks gold project which is located nine kilometres south of Coolgardie in Western Australia.

The latest results come from two drill holes which are the northernmost (BBRC354D) and deepest (BBRC345D) holes drilled at Burbanks North as part of the current 6500-metre drilling program.

This drilling is designed to extend mineralisation at Burbanks North to over 450 metres below surface and 1300 metres along strike.

Results from BBRC354D include 2.4 metres at 9.08 grams per tonne (g/t) gold from 244.7 metres including 0.4 metres at 21.6 g/t gold from 245.9 metres while results from BBRC345D include 2.1 metres at 4.74 g/t gold from 529 metres including 0.4 metres at 6.47 g/t gold from 529.9 metres.

Greenstone has also logged visible gold in three separate holes at Burbanks North with assays pending.

“The current drill campaign at Burbanks North continues to exceed our expectations, with three recently completed diamond drill tails containing coarse visible gold, including BBRC340D where multiple zones of mineralisation have been logged within the diorite unit, in addition to a footwall quartz reef also containing visible gold,” Managing Director and CEO Chris Hansen said.

At this stage, assays are pending for seven holes and a further eight holes are yet to be completed.

GSR shares were trading steady at 3.2 cents at 1:13 pm AEST.

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