St Barbara Limited (ASX: $SBM) has announced the significant intersection of visible gold in the first diamond drill hole of the Cochrane Hill Deeps exploration program in Nova Scotia. The targeted depth between 389 m and 428 m down hole revealed multiple occurrences of visible gold, with quartz veining and associated arsenopyrite encountered. The Managing Director and CEO, Andrew Strelein, expressed encouragement at the initial findings and anticipation for the core from the remaining two holes and the subsequent assays.
To hit multiple visible gold occurrences in the first deep hole at Cochrane Hill is highly encouraging. The program is designed to test for potential down dip extensions to the known mineralisation and we look forward to seeing the core from the remaining two holes and the assays to follow.
St Barbara's Cochrane Hill Deeps program has delivered promising results with the intersection of visible gold in the first diamond drill hole. The company is executing an exploration program over February and March, including three 475 m deep diamond drill holes planned to test for mineralisation at depth. The initial findings have provided encouragement and anticipation for further core analysis and assay results. St Barbara aims to continue testing for potential down dip extensions to the known mineralisation, reflecting the company's commitment to exploration and potential resource expansion.