Richmond Hill Resources (RHR ) is expecting drill core assays from its recent drilling at the Martello gold project in Canada within the next three weeks.
The company wrapped up a drill programme at Martello in April.
In aggregate 1,307 metres of drilling was completed across seven holes.
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In spite of its recent gyrations the gold price is still very strong, providing a good backdrop for Richmond Hill’s Martello drilling. The company has already said that it intersected significant zones of quartz feldspar porphyry at Martello this time round, and that bodes well for the assays. The quartz feldspar porphyry has high potential for gold mineralisation.