Steele Resources has achieved its development objectives for the year, 2011 and formed a166 ft development drift, which will help as an important haulage for upcoming mining works at the Mineral Hill gold mine.
In addition, the company has started an advanced drill campaign, which will outline the focused mineralized zone, and has offered the management and geologists of the company with further information.
Scott Dockter, Steele’s CEO, commented that the company has performed several activities in 2011 and is moving aggressively to additionally expand this mine. It is critical to completely understand this project in order o make the operations efficient. This drill program will facilitate the company to efficiently extend this prospective gold resource. In the subsequent two weeks, the company is expecting to outline the targets for production for 2012 and to discover the possibility of further mineralized zones.
The company has intended to drill four test holes, each to 200 ft depth. These test holes will analyze the potential of mineralized contacts between the prominent mineral targets at surface and the present development drift. In addition, this drill work will offer further information connecting the prospective mineralization depth at the mine location. The drilling results are pending.