Syndicated Metals Limited (ASX: SMD) – $0.028

28 Nov 2016

Syndicated Metals Limited (ASX: SMD) has intersected gold during its maiden exploration program at the Monument Gold Project located in the Laverton region of Western Australia (Figure 1).

 

SMD Monument Au.png

Figure 1. Location of the Monument Gold Project in Western Australia

 

 

Highlights from assay results include:

 

  • 6 metres at 7.28g/t gold from 79 metres
  • 6 metres at 2.70g/t gold from 88 metres
  • 10 metres at 1.42g/t gold from 49 metres

 

 

The maiden drilling program comprised 29 reverse circulation and 5 diamond drillholes. Diamond drilling was designed to identify potential parallel banded iron formation (BIF) units in the footwall. Assay results for 22 reverse circulation and 3 diamond drillholes currently remain outstanding.

 

The project covers a 16km strike length of the same BIF sequence that hosts the Morgan’s North gold deposit at Dacian Gold’s (ASX: DCN) Mount Morgan Project.

 

 

For further information, visit syndicatedmetals.com.au

 

 

Resources Stocks to Watch (RSTW) is the leader in research on over 600 ASX listed micro to small-cap mining stocks and commodities. We are independent and do not accept commissions. We tell it like it is. Our reports are researched by experienced geologists and resources analysts, the experts in the field.

 

 

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