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Goldman Visible gold, broad mineralised halos and high-grade shoots continue to support Astoria growth potential
Lac Gold (ASX:LAC) has reported multiple high-grade gold intersections from drilling at the Astoria deposit within its Rouyn Gold Project, with results continuing to support the interpretation of a large structurally controlled gold system.
Among the standout assays reported were:
- 5.65m at 141.29g/t Au from 148.15m in hole AS-26-793, including 0.5m at 1,580.00g/t Au
- 9.10m at 6.31g/t Au from 123.40m in hole AS-26-792, including 4.00m at 10.41g/t Au
- 9.50m at 2.25g/t Au from 178.00m in hole AS-26-794, including 3.00m at 6.72g/t Au
- 97.50m at 1.04g/t Au from 554.65m in hole AS-26-787, including 17.00m at 3.58g/t Au
- 49.95m at 1.12g/t Au from 623.15m in hole AS-26-788, including 3.75m at 7.00g/t Au, 14.60m at 2.11g/t Au, and 1.00m at 12.78g/t Au
The company said the latest assays are associated with a previously reported visible gold occurrence in hole AS-26-793, with several samples requiring additional screen metallic and gravimetric analysis due to coarse gold and elevated assay values.
According to the announcement, the results continue to confirm continuity of high-grade mineralisation within the current drilling area. Broad mineralised halos and high-grade shoots remain consistent with a large and evolving gold system at Astoria.
Lac Gold has now completed its initial 15,000m Phase 1 drilling campaign and has commenced a further 15,000m Phase 2 program. Two diamond drill rigs are currently operating, with a substantial number of assay results still pending.
Lac Gold Managing Director Andrew Stocks commented:
These exceptional high-grade results materially strengthen our confidence in the scale and high-grade potential of the Rouyn gold system.
Importantly, the high-grade intersections reported in this announcement are associated with broad mineralised halos and structurally controlled alteration zones, supporting our interpretation of a large and evolving orogenic gold system. The coexistence of broad mineralised envelopes and discrete higher-grade shoots continues to strengthen our confidence in the geological model and the growth potential of the Astoria deposit.
The correlation between previously reported visible gold and these assay results is particularly encouraging and reinforces the significance of the mineralisation being intersected at Astoria.
With the initial 15,000 metre Phase 1 drilling program completed, a further 15,000 metre Phase 2 program underway and a substantial volume of assays still pending, we believe Rouyn demonstrates the characteristics of a significant and expanding high-grade gold system.
