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China
Exploration at Zhongqu and Diebu
Red Mountain Mining’s Zhongqu and Diebu gold projects are in Gansu Province.
RED Mountain Mining has started structural surface and underground
geology studies at the Xinqu mineralized area within the Zhongqu
project to assist interpretation of the gold mineralization. The ASXlisted
company is also commencing exploration work at the Diebu
project with access to exploration adits.
Due to above average rainfall, the stage II underground drilling program
at Zhongqu was delayed until December. This program is designed
to follow-up the exciting Stage I drilling results, including a best
intersection of 31 metres @ 4.61 grams/tonne gold.
Despite the delay, the company expects that it will still have sufficient
time to finish the planned program by the end of February 2012 with
the aim of outlining the size and dimensions of the gold mineralization
encountered in the first stage which intersected the main granodiorite-contact
shear zone as well as previously unrecognized limestone
hosted structures, which included 14.3 metres @ 4.50 grams/tonne.
The stage II program will target both these styles with up to 15
drill holes totalling about 2430 metres. Provision has also been
made to follow-up encouraging drill intercepts during the program
with additional holes. The program aims to establish the down dip
extension of the main granodiorite-contact shear zone and get a
better understanding of the orientation and tonnage potential of the
high-grade limestone structures.
A structural geological mapping program started in November underground
and on surface with studies intended to better understand
the controls on gold mineralization. This is expected to assist in drill
34 | ASIA Miner | January/February 2012