- Gold explorer, Syndicated Metals, have reported high-grade gold from drilling conducted at its Newington Project
- Drilling targeted gold potential and mineralisation at the WA project
- Assays have shown high-grades of gold at the Dawsons prospect
- And mineralisation was intersected at Newfield Central and Newfield East
- Early next year, the company will conduct regional sampling which will be followed by drilling of priority targets
- Company shares remain flat today and are trading for 0.7 cents each
Syndicated Metals have reported positive final assay results from a recent drilling program at its Newington Gold Project in the Southern Cross greenstone belt of WA.
The last batch of results from reverse circulation (RC) drilling has confirmed the high-grade potential at Dawson’s prospect and the broad mineralisation at the Newfield Central and Newfield East prospects.
Earlier this year, the company acquired the Newington Project and wasted no time in conducting exploration.
Syndicated Metals Managing Director David Morgan is pleased with the results.
“The confirmatory work we have completed now at Dawsons, Newfield Central and Newfield East has allowed us to build a geological picture that provides enough confidence for us to now progress to the first systematic exploration in this region for many decades,” David said.
At Dawson’s, five drill holes were completed to extend previously defined high-grade intersections.
Hole SNWRC014 returned a high-grade gold result of 2 metres at 13.0 grams per tonne of gold.
Drilling at the highly-targeted Newfield Central deposit was focused on confirming the location of the Newfield Central structure along strike to the north.
Drilling successfully, intersected the Newfield Central Lode in SNWRC018, returning the best intersection of 1 metre at 1.6 grams per tonne of gold.
Aside from that, however, Holes SNWRC019 and 20 failed to intersect significant mineralisation.
Future drilling is planned to test the structure north and south of the known intersections.
A total of four holes were drilled underneath the Newfield East prospect and intersected anomalous mineralised zones including 4 metres at 0.4 grams per tonne of gold from surface and 3 metres at 0.4 grams per tonne of gold from 53 metres.
Syndicated Metals is planning a regional exploration program which will include surface sampling and mapping for quarter one of 2020. Shortly after, drilling will be conducted on priority targets.
Company shares remain flat today and are trading for 0.7 cents each at 2:32 pm AEDT.