Lundin Gold steps up drilling effort in Ecuador CanadiansInvest
-TSX, NASDAQ Stockholm; LUGDF-OTCQX] reported its initial drill results from the 2022 near-mine exploration program at its 100%-owned Fruta del Norte gold mine in southeast Ecuador. Results from the drill program identified new mineralized zones to the south and at depth of FDN’s currently defined mineral resources. Highlights and detailed results are shown below .
Highlights from holes drilled under the southern portion of the FDN mineral resource envelope: Drill hole UGE-DD-22-008 intersected 4.11 g/t gold over 23.0 metres from 197.7 metres, including 6.03 g/t gold over 10.0 metres from 202.7 metres. The near-mine exploration program was initiated in the third quarter of 2022, and focuses on expanding the FDN mineral resource envelope and testing several unexplored opportunities near the mine site. To date approximately 8,600 metres have been drilled across 16 holes, from surface and underground.
In addition to the surface drilling, the near-mine program’s underground drilling focuses on the continuity of the FDN deposit and west structure at depth. A total of seven drill holes were completed under the southern portion of the FDN mineral resource envelope. Initial results indicate new zones where the deposit remains open at depth. Assay results received to date are set out in the attached table. Results for several drill holes are pending.
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