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Moonlight Resources has reported a new set of gold drilling results from its Clermont project in Queensland's Drummond Basin, with the latest assays indicating that mineralisation at the Leo Grande Central prospect may extend towards the nearby Leo Grande South area.The results come from 22 reverse circulation drill holes covering 2,683 metres as part of the company's expanded phase two exploration program.Several drill holes returned broad near-surface gold intersections, including 20 metres grading 1.0 grams per tonne gold from 82 metres and 22 metres grading 0.95 grams per tonne gold from 100 metres.Additional significant intercepts included 15 metres at 1.08 grams per tonne, 14 metres at 1.11 grams per tonne and 14 metres at 1.02 grams per tonne gold.Some deeper holes ended while still within mineralised zones, suggesting the system remains open at depth.The results follow an earlier batch of phase two assays that produced strong intersections such as 42 metres at 1.01 grams per tonne gold from surface and 40 metres at 1.31 grams per tonne gold from 76 metres.
Those earlier results expanded the known mineralised strike length and supported the possibility that Leo Grande Central and Leo Grande South may form part of a larger continuous gold system.
Moonlight has also completed six infill drill holes aimed at improving confidence in geological continuity ahead of a potential maiden resource estimate.The Clermont project is located in a prolific gold-producing region that hosts several significant deposits and mines.
With approximately 10,000 metres drilled so far and further assay results still pending, the company continues to evaluate the size and continuity of the emerging gold system.
Full reading at The Sydney Morning Herald