Capital Mining Announces Promising Alluvial Gold Grades Confirmed at Craigie, NSWadmin
June 23, 2008 – Category: Precious Metal
Capital Mining announced processing of three large gravel samples from the Shiralee alluvial gold prospect, one of several such prospects within Exploration Licence 5654 (Craigie Project), has been successfully. The Directors announced that encouraging gold grades of up to 1615 milligrams per bank cubic metre have been recorded from pit 08CRT2. Two parcels of material from the 08CRT1 trench, which was dug for a length of 75m to depths of 3.5-6m across the centre of the Terrace 2 deposit, were also processed during the programme. The first parcel designated 08CRT1-1 was of 62 bank cubic metres and came in at a grade of 330 milligrams/bcm. The second parcel 08CRT1-2 of 47.4 bank cubic metres came in at a higher grade of 686 milligrams/bcm.
Original Announcement: Promising alluvial Gold grades confirmed at Craigie, NSW