TIDMGBGR
RNS Number : 6959T
GoldBridges Global Resources PLC
08 October 2014
8 October 2014
GoldBridges Global Resources Plc
("GoldBridges" or the "Company")
Sekisovskoye Exploration Drilling Update
GoldBridges (AIM: GBGR) today provides the following update on
its ongoing 2014 drilling activities at its 100 per cent. owned
Sekisovskoye underground development project in Kazakhstan.
Highlights
-- Diamond drilling programme underway with 8,786m completed.
-- Gold exploration work focussed on near to mid-term ore
delineation drilling, mid-term resource drilling and deep
drilling.
-- Near to mid-term drilling demonstrates gold intercepts of 16m
at 9.8g/t Au, 8m at 13.1g/t Au and 4.6m at 24.1g/t Au.
-- Best deep drilling intercepts identified as 45m at 6.1g/t Au and 39m at 5.5g/t Au.
-- Drilling results to be incorporated into forthcoming Venmyn
Deloitte competent person's report ("CPR") which is expected to be
released during Q4 2014.
Commenting on the latest drilling results from Sekisovskoye, CEO
Aidar Assaubayev said:
"We are very pleased with the outcomes of our 2014 drilling
campaign. The deep drilling results have confirmed our belief in
the continuity of the ore body to depth and the results will be
included in the forthcoming Venmyn Deloitte CPR. The near to
mid-term drilling results highlight the mineralisation that we aim
to exploit in the initial few years of the Sekisovskoye underground
mine. This year's drilling exploration programme has further
increased our confidence of a long future ahead for our gold
mine."
Drilling Programme
From the beginning of 2014 to the end of August 2014, 103 holes
were drilled at the Sekisovskoye underground development project
for a total of 8,786m.
The diamond drilling programme had three objectives;
-- Targeting ore delineation for areas planned to be mined in
the near future to mid-term. In total 78 short holes were drilled
for a total of 1,150m. Holes were predominately drilled from
existing underground development drive at the 263 metres above sea
level ("masl") targeting known mineralisation. The 263masl
underground development drive is approximately 100m below the open
pit floor.
-- The second objective was to upgrade the mid-term resources
from the 263masl level to 100m below this level with 18 holes for a
total of 3,353m.
-- The third objective was to drill a series of significantly
deeper holes from the 0masl level (approximately 365m below the
open pit floor) to confirm the continuity of the ore body at depth.
For this programme, six steeply dipping holes were drilled for a
total of 4,283m. These holes were targeting a depth of
-800masl.
Near to Mid-Term Ore Delineation Drilling
This drilling programme delineated and confirmed existing known
mineralisation zones that will be mined in the early years of the
underground mine. Selected results of this drilling are highlighted
below.
Hole Northing Easting RL Azimuth Hole Hole Intercept Intercept Interval* Grade
Identification (m) (m) (masl) (Degrees) Angle Length Start Finish (m) (g/t)
Number (Degrees) (m) (m) (m)
EXP276 7,233.6 6,744.6 276.0 225.6 0 10.5 0 6 6 9.2
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
EXP226 7,224.8 6,764.4 263.9 46.4 81.0 15 0 15 15 5.9
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
EXP219 7,225.2 6,772.4 263.9 46.4 64.5 18 4 18 14 6.5
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
EXP209 7,219.9 6,780.8 263.8 46.4 64.5 17 0 16 16 9.8
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
EXP210 7,219.4 6,780.2 263.9 46.4 85.5 15 0 8 8 13.1
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
EXP259 7,248.1 6,738.6 264.2 46.4 57.5 18 1 10 9 6.9
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
EXP255 7,244.6 6,742.1 264.2 46.4 58.5 18 4 14 10 5.3
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
EXP240 7,234.4 6,753.0 264.4 46.4 81.5 16 0.5 5.1 4.6 24.1
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
EXP238 7,234.5 6,753.2 264.8 46.4 30.0 12 0 4 4 17.9
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
EXP231 7,228.1 6,761.5 263.9 46.4 83.0 14 0 14 14 4.5
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
EXP271 7,253.8 6,730.1 264.2 226.4 68.5 9 0 8 8 6.1
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
EXP268 7,257.2 6,734.4 264.7 46.4 53.0 19.5 0 9 9 5.8
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
EXP269 7,257.0 6,734.2 264.3 46.4 84.0 15 0 15 15 9.5
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
EXP265 7,251.1 6,736.2 264.2 226.4 89.0 15 0 15 15 4.7
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
EXP263 7,251.1 6,736.3 264.9 46.4 41.0 12 0 11 11 11.0
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
*Not True Mineralized Width
Mid-Term Below 263masl Level Resource Drilling
This drilling work is part of an ongoing programme designed to
upgrade resources below the 263masl level and to continue to
convert these resources into reserves. It is expected that this
zone will provide the majority of the ore during the mid to
long-term for the Sekisovskoye Underground project. A selection of
drilling results is highlighted in the table below.
Hole Northing Easting RL Azimuth Hole Hole Intercept Intercept Interval* Grade
Identification (m) (m) (masl) (Degrees) Angle Length Start Finish (m) (g/t)
Number (Degrees) (m) (m) (m)
D316 7,399.1 6,882.5 258.4 225.6 34.0 200 137 143 6 8.2
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
and 181 193.5 12.5 15.8
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
D315 7,399.1 6,882.5 258.1 227.3 42.6 207 194 207 13 7.0
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
D316A 7,399.1 6,884.5 258.4 226.0 34.6 200.5 182 198.2 16.2 4.4
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
D215 7,376.7 6,863.5 262.8 217.4 34.0 160.5 124.2 139 14.8 3.0
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
D215 7,376.7 6,863.5 262.8 220.6 27.3 157.5 137 149 12 10.0
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
D216 7,376.7 6,863.5 262.8 220.3 18.3 171 149 160 11 6.8
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
D217 7,376.7 6,863.5 262.8 225.5 48.6 180 169 180 11 5.2
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
D219 7,376.7 6,863.5 262.8 226.8 33.8 166.5 158 163.3 5.3 8.5
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
D226 7,376.7 6,863.5 262.8 235.3 17.1 171 153 163.2 10.2 13.3
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
D225 7,376.7 6,863.5 262.8 235.8 25.2 169.5 148 161.6 13.6 3.1
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
D223 7,376.7 6,863.5 262.8 235.9 31.9 175.5 154 169.7 15.7 6.4
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
*Not True Mineralized Width
Deep Drilling Targeting Resources to a depth of -800masl
In a previous drilling campaign it was identified that there was
good potential for the Sekisovskoye mineralised zone to continue at
depth. On this basis, an initial drillhole was planned to test this
continuity. Six long holes were drilled for a total of 4,283m and a
selection of drilling results are presented below.
Hole Northing Easting RL Azimuth Hole Hole Intercept Intercept Interval* Grade
Identification (m) (m) (masl) (Degrees) Angle Length Start Finish (m) (g/t)
Number (Degrees) (m) (m) (m)
SK-1 7,540.6 7,072.6 0.9 226.4 77.0 771.0 513.0 516.0 3.0 10.3
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
519.0 522.0 3.0 12.2
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
546.0 549.0 3.0 18.2
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
594.0 597.0 3.0 12.4
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
630.0 633.0 3.0 10.5
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
705.0 708.0 3.0 12.5
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
741.0 744.0 3.0 11.5
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
SK-3 7,596.4 7,015.2 0.8 226.4 77.0 828.0 237.0 240.0 3.0 12.5
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
258.0 261.0 3.0 14.1
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
270.0 273.0 3.0 11.2
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
309.0 312.0 3.0 13.1
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
336.0 342.0 6.0 9.7
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
369.0 372.0 3.0 16.3
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
387.0 390.0 3.0 13.4
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
399.0 402.0 3.0 10.5
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
429.0 432.0 3.0 12.5
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
450.0 453.0 3.0 13.4
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
477.0 480.0 3.0 11.5
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
504.0 510.0 6.0 7.8
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
558.0 561.0 3.0 13.3
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
591.0 594.0 3.0 10.1
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
642.0 645.0 3.0 12.7
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
672.0 675.0 3.0 17.6
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
702.0 705.0 3.0 14.3
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
774.0 777.0 3.0 11.6
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
813.0 816.0 3.0 12.2
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
SK-6 7,653.4 6,959.1 0.6 226.4 77.0 828.0 213.0 216.0 3.0 10.1
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
435.0 441.0 6.0 10.9
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
447.0 453.0 6.0 10.2
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
462.0 477.0 15.0 6.6
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
630.0 639.0 9.0 4.8
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
654.0 663.0 9.0 4.9
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
SK-9 7,766.6 6,845.9 0.6 226.4 77.0 645.0 219.0 258.0 39.0 5.5
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
273.0 285.0 12.0 4.6
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
567.0 612.0 45.0 6.1
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
618.0 624.0 6.0 10.8
---------- --------- -------- ----------- ----------- -------- ----------- ----------- ----------- -------
*Not True Mineralized Width
CPR Update
The information gleaned from these deep drill holes will now
form part of the resource estimate in the CPR which Venmyn Deloitte
are currently finalising. The decision to include these deeper
drill results in the CPR has been a contributing reason for the
extension of the CPR timeline and this document is expected to be
released during Q4 2014.
Viktor Redazubov-Gorsky, senior consultant, has reviewed and
approved the technical information contained within this
announcement in his capacity as a qualified person under the AIM
Rules. Mr. Redazubov-Gorsky holds a Ph.D. in geological and
mineralogical sciences, is a member of the Association of
Geological Organizations, is a member of the Russian Academy of
Science (Geological and Mineralogical Division) and has over 30
years of relevant mining industry experience.
An updated copy of the corporate presentation will soon be
uploaded to the company's website.
For further information please contact:
GoldBridges Global Resources Plc +44 (0) 207 932
Louise Wrathall 2456
Strand Hanson (Nomad and Joint Broker)
Andrew Emmott +44 (0) 207 409
Ritchie Balmer 3494
+44 (0) 203 540
1720
Peat & Co. (Joint Broker) +44 (0) 203 540
John Beaumont, COO and Head of Research 1723
Blytheweigh (Financial PR)
Tim Blythe
Halimah Hussain +44 (0) 207 138
Camilla Horsfall 3204
This information is provided by RNS
The company news service from the London Stock Exchange
END
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