ValGold begins Guyana drilling

ValGold Resources has begun drilling at its Erakiri gold occurrence in western Guyana, in South America.

At least seven holes are planned for the site, which extends around 1,000 metres. The first five holes will test a sheared contact between various porphyritic rocks and mafic volcanics.

The company notes that gold can be panned out of the small creek that flows along the contact, while visible gold has been discovered in quartz-chlorite veins in the creek. The other two holes will test another creek located 250 metres to the west.

ValGold explained: "The Erakiri gold occurrence is underlain by early Proterozoic granite greenstone rocks belonging to the Barama-Mazaruni Supergroup of the Guiana Shield.

"These rocks and other granite greenstone belts of the Guiana Shield are host to several large gold deposits including the Las Cristinas/Brisas deposits in Venezuela, the Omai deposit in Guyana and the Rosebel deposit in Suriname."

ValGold is based in Vancouver.