Marengo pleased with drillings

Business, Main Stories

MARENGO Mining has announced significant intersections of copper and molybdenum from its drilling at Yandera, Madang.
Marengo managing director Les Emery announced last Thursday the strong results from within existing resources and extensions to key deposits.
He said in a media statement that they were pleased to report further positive drilling results from their 100%-owned Yandera copper-molybdenum-gold project in the foothills of Bismarck Range.
Emery said drilling within the Yandera central deposit indicated significant intersections of copper and molybdenum sulphides both within the current resource envelops and the extensions of Imbruminda and Dimbi-Gamagu zones (see illustration).
He said in addition, Meringo Mining’s initial four-hole, deep drilling programme continued to produce “positive results”.
Emery said recent drukkubg activities at Yandera had focused on better definition of the mineralised zones at Imbruminda, in addition to a concerted drilling programme to expand the Dimbi-Gamagu zone by following up on the excellent results of a hole (YD245) drilled at the end of the 2009 season.
In addition, the miner was completing an infill drilling programme in the Gremi zone, to elevate a portion of the current resource from an indicated resource to a measured resource category.
He said one hole drilled in Dimbi, as was expected, encountered good grades, including significant molybdenum values.
Emery said: “One of the interesting characteristics of this Dimbi hole is the role played by molybdenum, dominating in most cases over copper. In addition, broad gold intersections are common with grades of up to 0.4g/t Au over a 15mm intersection.”
He said drilling would continue for the rest of the year in this zone, to better define the extent of the Dimbi structure and its control on mineralisation.