Cortona discovers broad, high-grade gold

Australian gold exploration company Cortona Resources announces the discovery of broad, high-grade gold mineralisation from the first hole drilled at the Exeter Farm prospect in the Company’s 100% owned Majors Creek Project, NSW.

Assay results are confirmed as follows:

EXEX007: 19m @ 5.6g/t gold from 47m

Also containing: 2m @ 1.3% Cu from 55m

Hole EXEX007 was drilled beneath outcropping mineralised gossan at the Tory Boy target, which lies within a 370m x 150m gold-in-soil anomaly (+100ppb Au). The soil anomaly has never been previously drill tested. The nature of mineralisation and style of alteration are very reminiscent of the ore at Dargues Reef, 2km to the south, where a 310,000oz gold resource has already been delineated. Dargues Reef has a proven strike length of ~120m.

Managing Director Peter van der Borgh said this fantastic outcome is testament to the quality of the Majors Creek project and confirms our belief in its prospectivity.

The discovery resulted from the first application of an exploration model we developed from studying Dargues Reef, so to intersect these widths and grades in the very first hole we have drilled outside of Dargues gives us great confidence we can now apply this model to our 700km2 ground holding.