Cleveland Mining Company Limited (ASX: CDG) – $0.048

30 Mar 2015

Cleveland Mining Company Limited (ASX: CDG) has discovered an extensive zone of primary gold mineralisation less than 1.5km south of its operating Premier Joint Venture Gold Mine in central Brazil (Figure 1).


CDG Premier Gold

Figure 1. Location of new anomaly relative to Premier Gold Mine



The discovery was the result of field work within an area of anomalous gold-in-soil samples previously referred to by the company as the “Southern Anomaly”.


The new prospect is defined by outcropping mineralised rocks and extensive gold-in-soil anomalism together with coincident silver, copper, molybdenum, zinc, arsenic and cobalt soil anomalism suggesting a primary poly-metallic source.


A contour of gold anomalism measuring +200ppb gold has been identified over an area extending over 2km along strike up to the western tenement boundary and extending over 600m in width.


Wide spaced channel sampling has so far returned gold assays ranging from 0.1g/t to 1.3g/t gold. While these results do not represent economic gold grades, the company believes they are significant in the region and very similar to that found at the Premier Gold Mine. Multi element assay results are pending.


Geological mapping and sampling is currently in progress.



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