Regal Resources Limited (ASX: RER) have started drilling at its South Kivu Gold Project in the Democratic Republic of Congo.
The drilling is at the Ngoy prospect where a 5km mineralized gold in soil trend and rock chimp samples of up to 4.84g/t Au where found. The initial drilling program is anticipated to take approximately 3-4 months with results expected to be announced upon Regal receiving assay results from ALS Laboratories based in Johannesburg, South Africa. It is the intention to prepare and dispatch each hole for assay as it is completed to minimize the timeframe in receiving assay results.
At Regal Resource's Naoy South drill target comprises an interpreted NE-SW trending, 1.2km long anticline structure, with a strongly magnetic core located at the fold closure representing a Twangiza (~6Moz) and Lugushwa (~2.7Moz) (Banro Corporation TSX:BAA) style target that are both located to the NE of Regal’s South Kivu project area. 2010 soil sampling either side of the magnetic core located a weak, coincident gold (>10ppb up to 293ppb Au) and arsenic (>10ppm up to 30ppm As) anomaly. In 2011 rock chip sampling at the north-eastern end of the target zone returned assays ranging from 0.26g/t to 22.1g/t Au. Infill soil sampling across the target has recently been completed with results expected the end of March 2012.
To download the official announcement please click here