Announcement Date: 2022-10-25
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Sihayo Gold Ltd.
Project name: Sihayo
Location: Indonesia
Commodities: Gold
Highlight: Drilling results incl. 31.5m at 4.29g/t Au from 259m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Sihayo Gold Limited (ASX:SIH – “Sihayo” or the “Company”) is pleased to announce the results of recently completed drilling on the Company’s Sihayo Starter Project (the “Project”) in North Sumatra, Republic of Indonesia. The primary objectives of the seven-hole, 2,216 m diamond drilling program were to test for potential extensions to known deeper high-grade gold mineralisation located below the planned Sihayo starter pit. The holes completed in this recent drilling program have tested some deeper zones within the Sihayo gold resource, which are characterised by locally high gold grades identified by historic drilling. These deeper zones fall within the Inferred Mineral Resource category and are not included in the current Ore Reserve estimate due to insufficient drilling data being available to accurately define their extent and geometry. The holes were located on the southern end of the proposed pit shell (refer to Figure 1 and Figure 2).
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