Noricum Gold Keeps Its Eye On The Target At Schonberg

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Noricum Gold Keeps Its Eye On The Target At Schonberg

Noricum’s exploration work on its Austrian ground continues apace. The company has just announced the completion of three further drill holes on its Schonberg gold and precious metals project in the central southern part of the country.

Results are due in a few weeks’ time, but ahead of those Noricum has said that all three holes hit target depth and that all the core has been logged, cut and sent to the labs for analysis.

Ahead of that the company will pause for breath, as the parametres of the next round of drilling will depend on the results of the most recent holes. Norcium is committed, according to the company’s own commentary, to conducting a “prudent drilling programme to ensure productivity of forthcoming work is maximised”.

In simple terms, that means that because equity markets are difficult the company is taking extra care in watching the pennies.

Meanwhile, sampling of the Brandegger vein, accessed through historical workings known as the Brandegger-Stollen adit, has delivered favourable results. Among the better grades the samples showed were 6.15 grams of gold per tonne, 16.25 grams of silver, and 04.7% copper, and 5.01 grams gold, 8.84 grams silver, and 4.67% copper.

“The mineralisation encountered in the old workings gives a good overview over the type and character of the mineralisation at Schonberg”, ran the official company commentary. “The high grades and considerable size of the stoped oreshoots is promising.”

Watch this space for further updates.

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