This previously untested extension has the potential to add an additional 50% to the strike length of the current Nami deposit outlined in the Feasibility Study. The deposit remains open for further expansion.
Holes RMB14RC-115 and RMB14RC-107 each intersected shallow, high-grade, oxidized gold mineralization at depths of less than 60 metres, including:
29.5 g/t Au over 6.0 metres, in RMB14RC-115, including o 44.08 g/t Au over 4.0 metres;
0.99 g/t Au over 12.0 metres, in RMB14RC-107.
"We strongly believe that this northern Nami extension will add to the overall resource at Nami in much the same way that North Kao has added to the Kao deposit," stated Scott Heffernan, Vice President, Exploration, of True Gold. "Ongoing exploration results like these continue to support our belief that the resource expansion potential at Karma is exceptional."
Gold mineralization at Nami exhibits the same intrusive-hosted, shallow-dipping structural style found within Kao and North Kao, Karma’s two largest gold deposits, where continuity has been demonstrated over strike a length of 1.6 kilometres. North Kao was a blind discovery in 2013 and now has an inferred mineral resource of 1.66 million ounces (47.8 million tonnes at an average grade of 1.08 g/t gold; see March 13, 2014 news release).
Like North Kao, the shallow dipping structures found at Nami can be drilled off rapidly for very low costs. Of note, oxide, transition and sulphide mineralization at Nami is all leachable, as per the Feasibility Study.
