Leviathan Gold Ltd. (TSXV:LVX) announced in a press release full assay results from an initial phase of diamond drilling completed at its Excelsior Prospect, which was pursuant to a Heads of Agreement entered into between Leviathan and Core Prospecting Pty Ltd on July 17, 2023, as subsequently amended on January 16, 2023. The most prominent intervals among these results include 4.85 meters at 9.0 g/t Au (43.66 gram meters) in hole EH014, 3.13 meters at 56.9 g/t Au (178.23 gram meters), in hole EH017 and 12.68 meters at 9.2 g/t Au, (116.85 gram meters), in hole EH029. Additional drilling will be required to determine the true thickness of mineralization.
In addition, Leviathan has received notification from Core of its intention to commence a second phase of diamond drilling at Excelsior. A total of 1964.85 meters of diamond drilling over 16 holes has now been completed by Core in a series of generally parallel south-eastward and north-westward oriented fans of drill holes designed to test for continuations of known mineralization.
At one point this morning, shares of Leviathan were trading 100% higher.
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