With the present drilling, targeting the down-plunge continuity of the recently identified Lower Shoot mineralization zone, returning multiple, broad intercepts of robust gold mineralization extending from practically surface to a down-plunge depth of approximately 350 metres.
The current drilling forms part of an aggressive in-house drilling initiative focussing on multiple resource expansion targets along the southwest segment of the over three-kilometre-long Zone 2 – Zone 3 anticlinal fold structure; stretching over one kilometre beyond the limits of the current Mineral Resource Estimate.
James Longshore, president, and CEO remarked:
“The ongoing drilling program continues to grow the mineralized footprint of the Boomerang East gold system, with the latest drilling considerably extending the down-plunge and lateral continuity of the Lower Shoot gold zone, and several boreholes also yielding multiple intercepts of new gold mineralization indicating the potential for an extensive array of stacked gold shoots.
“The widespread gold mineralization encountered by drilling at Boomerang East over the last year supports our belief that we are dealing with a major multi-shoot gold system, making us confident that the entire extension of the mineralization-controlling anticlinal fold hinge structure represents highly prospective exploration ground for the discovery of additional gold shoots proximal to Boomerang East, as well as potentially new gold systems further to the northeast. With the continuing expansion of the Boomerang East gold system, the Kibi Gold Project is well positioned to grow beyond the current resource.”
