The gold mineralization intersected in the two deep geological holes SU-628 (750 meters) and SU-629 (958 meters) was encountered in the stockwork system associated with the latite dyke intersected by hole SU-627 (1,158 meters) previously reported (see news release dated June 4, 2014). Results from the three holes, all collared from the same location near the Brucejack camp and drilled to the south, confirm the vertical extension of gold mineralization below the block model for the December 2013 Valley of the Kings Mineral Resource estimate. Hole SU-629 ended in mineralization. Hole SU-630, an additional 640-meter hole drilled from the same collar, confirmed the extension of mineralization to the east.
An initial surface drill program of 5,000 meters targeting a deep zone of Indicated mineral resources in the Valley of the Kings is now underway. The underground drilling from the 1345-level access ramp is planned to commence in September after the installation of a new water treatment plant, which is in progress.
