Draig optimistic for Tribune

DRAIG Resources is awaiting further drilling results after it saw visible gold from drilling of the Tribune discovery, next to the old Bellevue operation in Western Australia that historically produced 800,000 ounces from high grade ore.

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The company said the last seven holes drilled all hit Bellevue-style quartz sulphide lodes. While assays are still awaited Draig said it had accelerated its campaign with two diamond rigs and a RC rig now in action.

Some 5000m is planned at Tribune.

Recent hits reported have included 12m grading 12 grams per tonne from 68m downhole and 0.3m at 242.gpt from 79.5m. 

The Tribune lode is a Bellevue parallel structure located immediately to the west of the Highway Fault and the historic Bellevue underground mine.

It is said to be a largely untested area that is obscured by shallow transported sand cover and lake sediment.

“Drill results and the observed mineralisation from the latest drill core have confirmed the continuity of the system from near surface to ...