Ark Mines Limited (ASX:AHK) Reports High Gold and Silver Grades from Pluton Project
Exploration Results
Ark Mines Limited conducted a wet season sampling programme at the Pluton Gold Project in North Queensland. The rock chips returned a maximum of 25 g/t Au and a mean of 3.4 g/t Au, alongside a maximum of 34 g/t Ag and a mean of 7.1 g/t Ag, surpassing historic assays from 2005.
Pathfinder Correlations
The analysis revealed strong pathfinder correlations, facilitating the advancement of further exploration activities. Structural relationships identified within prospective lithologies indicate potential area extensions.
Executive Comments
Executive Director Ben Emery stated, “What’s not to love about 25 grams per tonne? Even the 3 gram per tonne sample average is very nice. There’s a lot of work still to be done at Pluton and we don’t want it to distract from Sandy Mitchell and the great story Ark is developing there, but Pluton has potential that we can’t ignore and makes a good wet season field option.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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