More assay results are in for RooGold Inc (CSE: ROO) and their ongoing sampling program being conducted across their Australian properties. The latest results come from the firms wholly owned Gold Star project, found along the New England Orogenic Terrain in New South Wales.
The latest assays come via rock chip samples, which were taken at the historic Golden Bar and Golden Star gold mines, where historical workings were found in gold-bearing quartz veins. The mines saw assays as high as 23.1 g/t gold, with the veins also posting results that include 9.41 g/t gold and 6.28 g/t gold.
A total of 65 samples were taken from the prospects, which are located approximately 200 metres apart. Two other samples of 1.62 g/t gold each were also collected. Eleven samples meanwhile graded between 0.1 and 1.0 g/t gold, and fourteen sampled between 0.01 and 0.10 g/t gold. Current mineralization is said to support an orogenic model for the prospects.
Sponsored · Cambria Gold Mines
Two other targets, referred to as Comet and Bull, meanwhile have yet to be sampled on the property. The two prospects reportedly had historic mine workings record an average grade of 36.6 g/t gold.
“The prospect sampling at our Gold Star Project has returned very high-grade gold assays from the historical workings at Golden Bar and Golden Star prospects. These results confirm the potential for significant gold mineralization,” commented CEO Carlos Espinosa.
The results follow the company seeing samples assay as high as 22.1 g/t gold within rock chips at their Lorne Project.
RooGold last traded at $0.05 on the CSE.
FULL DISCLOSURE: Canacom Group, the parent company of The Deep Dive has been compensated to provide coverage on this company. The company has been compensated to cover this story on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
