Spectacular high-grade gold discovery announced at a U.S. mine
Each length reported is a core intercept, the run of rock cut by the drill.
SEATTLE (Scrap Monster): A recent round of drilling at the Haile gold mine in South Carolina has confirmed exceptionally rich gold grades, including an interval of roughly 31 feet averaging 1.29 ounces per ton.
The hits came from two underground zones called Pisces and Horseshoe near Kershaw, South Carolina. The company is now mapping how far the new zone extends.
Striking high-grade gold
Under Canadian mineral reporting standards a qualified person, an independent professional who signs off on methods, oversees Haile’s scientific disclosure. At Haile that role is held by Craig Feebrey of OceanaGold.
Each length reported is a core intercept, the run of rock cut by the drill. The company posts raw assay files and notes on its investor site.
At Pisces, one hole cut about 145 feet grading roughly 0.32 ounces per ton. Another returned about 140 feet at around 0.18 ounces per ton.
At Horseshoe, one interval reached about 42 feet at nearly 1.46 ounces per ton. Another ran about 105 feet at roughly 0.34 ounces per ton.
Why gold grades matter
Gold grade is commonly tracked in ounces per ton, the weight of gold per short ton of rock. Higher grade means more contained metal in less rock mined.
Haile sits in the Carolina Slate Belt, a long studied gold district in the Southeast. A USGS report reviews the rock types and deposit styles that host gold in this belt.
Courtesy: www.earth.com