Nov. 5 at 11:32 PM
$ZCRMF has reported encouraging early results from the first three diamond drill holes @ Reedy Creek
Phase 1 Results Include:
• 10.8 m @ 2.08 g/t Au from 28 m (incl. 0.5 m @ 24.4 g/t Au)
• 23 m @ 3.01 g/t Au (broader zone continuity confirmed)
CEO stated:
“The geological interpretations identified to date are very encouraging, suggesting a strong possibility that this area could host a significant Victorian-style gold deposit at greater depths. With a fully funded Phase 2, 10,000 m drill program, our primary objective is to vector into the source of this gold system.”
Phase 2 Program Highlights:
• Fully funded 10,000 m campaign now underway with two rigs turning
• First modern drilling at the historic Welcome Reef Goldfield (~9,000 oz at ~25 g/t Au from artisanal mining in the 1800s)
• District-scale growth — new license applications add ~46 km of strike, expanding total land position to ~750 km² across Reedy Creek, Welcome Reef, and Ti Tree
https://www.reddit.com/r/InvestingCanada/comments/1onqxnu/aux_gold_expands_drilling_at_reedy_creek_after/