O2Gold Identifies Three New Veins At Colombian Project
O2Gold (TSXV: OTGO) yesterday announced that it has made additional discoveries at its property in Colombia following further exploration. The firm also provided an update on its current drill program.
Ground geophysics conducted by the company have expanded veins at the firms property, while the company also identified new veins at Aparecida, Esmeralda, and the Botella brownfield targets. Extensions of known veins totaled 3,370 metres, bringing the total combined strike length of such veins to 6,670 metres. The three veins discovered meanwhile are 730 metres, 450 metres, and 450 metres long.
The current drill program underway meanwhile has seen a total of 4,000 metres of drilling completed. The program, focused on Aurora, Quintanillo and Aparecida, continues to expand known mineralization on the property.
The main vein at Aurora has been intersected a total of 16 times to date, with the vein having an average grade of 7.44 g/t gold. The vein has been tested over 622 metres to date, with ground geophysics pointing to a strike length of 900 metres at minimum.
Drilling continues on site, with the firm expecting to reopen old production tunnels in the coming weeks, which will enable bulk sampling of the tunnels to tests for grade consistency.
O2Gold last traded at $0.045 on the TSX Venture.
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