PUA 3.13% 3.3¢ peak minerals limited

confirming hargraves potential

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    Drilling results released today indicate substantial strike extension of Hargraves gold mineralisation. This confirmation comes from fifteen diamond drill holes and not just a single intersection. It would have been good to have seen a table showing the locations of these holes but the released results are more than encouraging.

    The depth extent of the mineralised zones and the size of auriferous quartz structures is consistent with the potential of this area for bulk mining. The nuggety nature of the gold means there is high potential for an increased grade above the target 5g/t.

    The photographs show a clear association of gold with laminated quartz. This association is likely to persist throughout the structure. The presence of laminated quartz will be a useful indicator of the presence of gold.
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