Silver Lake Resources announced drilling results from Daisy Complex lode system

  • Sep 14, 2018 AEST
  • Team Kalkine
Silver Lake Resources announced drilling results from Daisy Complex lode system

Gold exploration and production company Silver Lake Resources (ASX: SLR) today announced the diamond drilling results from Mount Monger's Daisy Milano Complex. In the drilling results the company reported significant upside opportunities specifically emerging from Easter Hollows.

Following the successful round of drilling results announced in March 2018, a total of eight new diamond drill holes have now been completed into the central to upper zone within the Easter Hollows target area.

In the latest results, Easter Hollows confirmed its potential to provide a new mining front for the Daisy Complex as this time mineralization has intersected over a 1,000m plunge from surface. This high grade intersection reflects the identification of new lode system including quartz veining, galena and visible gold, immediately to the west of highly productive Haoma West lodes. 

Since Lower Prospect zone is one of the main ore sources at the Daisy Complex, the gold producer continued drilling at Lower Prospect with the target to reinforce the potential for LOM extensions outside the current Mineral Resource. A potential new lode intersected 50m offset to the east and parallel to the Lower Prospect lode position, potentially extending the Daisy Milano lode more than 300m down plunge.

The Daisy Milano Complex is a producer of high grade gold at Mount Monger, Western Australia.  The Daisy complex lode system has generated a strong margin over its operational life with the total gold production of 720koz since 2008.

Following the release of drilling results, Silver Lake Resources’ share price moved up by 1.02% to $0.495 on 14 September 2018 (1:31 PM AEST).

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