Target finds gold signs

Target finds gold signs

PERTH (Reuter): Target Mining Corp Ltd said yesterday exploration work had delineated additional mineralization to the south of its Silencing gold mine project in Malaysia's Pahang state.

Silencing currently has a gold resource base of 325,400 ounces, although infill drilling could lift the resource estimate a further 45,000 ounces to 60,000 ounces, Target managing director Peter Kestel said in a statement.

Kestel said a further upgrade of Silencing was likely after drilling at the southern extension of the project yielded 18 metres grading 2.6 grams of gold per tone of ore.