Red 5 surface results confirm gold mineralisation potential at LSY prospect
October 23rd, 2009
Filed under: General News
Perth-based gold explorer Red 5 (ASX: RED) has recorded promising assay results from preliminary geochemical sampling at the company’s LSY prospect in the Philippines.
The company’s share price went up slightly, on the news.
The results include two continuous sampling traverses across the strike of exposed veining and alteration with 83 metres at 1.8 g/t Au (including 38 metres at 2.5 g/t Au) and 86 metres at 1.4 g/t Au (including 31 metres at 1.9 g/t Au).
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