Supatcha Resources, www.supatcharesources.com – the gold exploration/production firm targeting development primarily in the Russian Ukraine, reported today that the diamond drilling segment of ongoing exploration at the recently acquired (April 2010) Vynohradiv property (in the Ukraine’s Barlevskoye Mining District) was underway after mobilization of a surface drill.
Plans to beef up efforts at the Vynohradiv – which includes the Barlevskoye license and has proven historical drilling data that indicates 5.1 g/t Au across 2.1 meters – are expected to validate the resource supply.
Chief Geological Advisor for SAEI, Andrei Yasinskij, expressed his excitement over activity at the Vynohradiv property (which first caught his eye during the Zolotivorota acquisition due diligence), and reinforced his impression that this exploration program would confirm those earlier indications.
Yasinskij said that drilling would focus on the Vyno-0061 project area for maximum efficiency.
Geological mapping (for ore control insight, geologic modeling) will support the exploration program’s resource validation, culminating in an economic feasibility study for the project, which looks quite promising, in part for its location in southwestern Ukraine.
Some 65 extant holes in the property, drilled largely by the Ukrainian Government since the 70s, attest to the advanced-stage characterization of the site, and this underwrites the mineralization profile.
When current drill data and metallurgical testing results are also considered, in conjunction with current gold prices, a clear picture of an ideal location for a low-cost gold mine emerges.
The exploration program SAEI has planned will map gold mineralization in an attempt to get a clear picture of resource continuity site-wide via in-fill, metallurgical, and geotechnical drilling, the metallurgical portion of which will be independently analyzed.
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