PERTH, Australia, Jan. 10, 2013 /CNW/ - Azimuth Resources Limited (ASX and TSX: AZH) (the "Company" or "Azimuth") is pleased to announce the discovery of high grade gold at its Larken Prospect, less than 1km from its existing Hicks Deposit.
Azimuth Resources Limited ("Azimuth" or "the Company") (ASX:AZH) is pleased to announce results from the first assayed reverse circulation drill hole at its 100% owned Larken Prospect ("Larken") located within the West Omai Gold Project, Guyana, South America.
Larken is a small artisanal open pit in saprolite, approximately 50 metres wide by 120 metres in strike and less than 15 metres deep, that was mined in the mid to late 1990s. The pit lies approximately 700 metres to the northeast of the Hicks prospect and is likely to be a sub parallel structure to the one that hosts both Hicks and Smarts (see Figure 1). Recent aeromagnetic processing and interpretation would indicate that there may well be a parallel zone of gold anomalism with a strike of at least 3 kilometres.
The Company believes the Norby Prospect (including SRC559 - 5m @ 1.1 g/t Au from 91m) which was drilled in the early stages of 2012, is likely hosted within this same structure, 3km to the northwest.
These intercepts are an extremely encouraging result from the first drilling campaign by Azimuth on a prospect that has not been subject to recent drilling. Although further drill results are needed to place these intercepts into a definitive geological framework, these results are a great starting point for a new high priority exploration target expected to be better defined in the coming months.
SOURCE Azimuth Resources