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Tuesday, 29th August 2006 (3104 views)

Red Dragon resources has begun drilling work at its site in China

The Liaoning gold project is located in the north-eastern part of the country. The Dingtun mineralisation has been targeted by the company for exploitation and two targets will be tested in it.

Induced polarisation (IP) chargeability anomalies are behind the company's announcement to drill on location and these are associated both with the known mineralisation and targets from past trenching work.

IP anomalies are thought to extend along strike for two kilometres over areas of previous underground workings. Pyritic quartz stockworks and veins are associated with gold mineralisation there.

The company has so far completed two holes, to respective depths of 106 and 104 metres. So far, these have intersect pyretic stockworks over 30 metres and 50 metres. Initial drilling will see the installation ten holes, with continuing work depending on primary results.

 

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