News Articles for Sihayo Gold

Indonesia-focused gold explorer Sihayo Gold has unveiled some compelling drill hits including a standout strike of 11.1m going 7.49 g/t, inside a larger 31.5m hit at 4.29 g/t from 259m in North Sumatra. The results form part of a seven-hole, 2216m diamond drilling campaign designed to test deeper-lying mineralisation below and south of the company's planned Sihayo open-pit mine.

Sihayo Gold says transitional and fresh material from a zone beneath its proposed Sihayo-1 pit in North Sumatra, Indonesia could be economically mined following a recent uplift in metallurgical recoveries. The company recently announced its high-pH caustic pre-leaching process could recover over 80 per cent of the site's gold and now plans on testing samples from a seven-hole, 2216m campaign to confirm its theory.

Indonesia-focused gold explorer Sihayo Gold has tabled a maiden resource for the company's Sihorbo South deposit within its Hutabargot Julu project and in the process piled on another 100,000 ounces of gold to its 1.56-million-ounce base. The explorer plans to conduct a scoping study to assess the potential to include the new resource as a satellite operation for its flagship project.

Metallurgical testing using a high-pH caustic pre-treating process on Sihayo Gold's starter project in North Sumatra has the explorer pointing towards a significantly better cashflow than forecast. The company says back-of-the-envelope calculations suggest the improved gold recoveries could lift the life-of-mine pre-tax cashflows more than 75 per cent.

Indonesia-focused explorer Sihayo Gold has followed up its recent high- grade surface samples with strong diamond drilling assays from a 30-hole exploration program that has extended its Sihorbo South target and firmed up the modelling for its maiden mineral resource estimate. Sihorbo South is now shaping up as a satellite operation to the company's main Sihayo Starter project.

ASX-listed Indonesia-focused explorer Sihayo Gold appears to be homing in on more high-grade mineralisation after the company bagged surface samples yielding up to 36.6 g/t gold and 8.29 per cent copper in North Sumatra. Sihayo says the findings continue to support the South Block's potential for high-grade gold and copper targets and discoveries.

Indonesia-focused gold explorer, Sihayo Gold has produced some eye-catching drilling results including a standout strike that returned 2.1m going 74 g/t gold and 119 g/t silver from 112.8m downhole in North Sumatra. The results come from a southern target outside the company's existing mineral resource and Sihayo aims to incorporate the high-grade mineralisation into its Starter project.

Indonesia-based gold explorer Sihayo Gold has increased its initial expected gold recovery rate from 35 per cent to a solid 80 per cent in fresh rock samples after trialling high pH leaching metallurgical test work on ore from its advanced Sihayo gold project in North Sumatra. Transitional ore samples also received a healthy boost to the recovery rate, rising from 52.3 to 74.5 per cent.

Indonesian-focused explorer, Sihayo Gold is off to a flyer from regional exploration drilling at its Sihorbo South epithermal vein gold and silver prospect on the island of North Sumatra. Results from the first three holes sunk into the prospect have returned bumper grade gold and silver, including a tasty one metre strike going 198 grams per tonne gold from 89m.

Indonesian-focused explorer, Sihayo Gold has delivered more solid gold hits from regional exploration drilling at its namesake project in North Sumatra. New hits at its Hutabargot Julu target area include 10.2m at 2.5 g/t gold from 153m at the Penatapan epithermal vein gold and silver prospect. The company is seeking to unearth more ounces to add to an already impressive 1.5-million-ounce gold resource base.

Sihayo Gold has produced encouraging metallurgical test work results that point to a potential increase in the all-important gold recovery rates at its developing namesake Sihayo “starter” gold project in North Sumatra in Indonesia. The company says average recoveries in its latest test work show an improvement of up to 25 per cent via the use of caustic pre-leaching on various refractory ore types from the project.

Aspiring Indonesian gold producer Sihayo Gold has been making solid progress on the ground at its developing Sihayo “starter” gold project in North Sumatra which is getting tantalisingly close to being “shovel ready”. An optimisation study on the proposed mine is also advancing towards tabling in the next quarter and the company says upgrades to an access road and an existing camp are now largely completed.

Sihayo Gold has clocked up more encouraging gold intersections from a diamond drilling program at its brownfields Sihayo gold project in North Sumatra, Indonesia. The pick of the assays from the latest seven holes at the Sihayo-2 prospect for which the company received results were 5m at 1.17 g/t from 25m, 3m going at 0.79 g/t from 4m and 4m at 0.76 g/t from 16m.

ASX-listed Indonesia gold explorer, Sihayo Gold has returned further encouraging gold hits from an ongoing diamond drilling program at its Sihayo gold project in North Sumatra. Better assays from the latest hole at the brownfields Sihayo-2 prospect include 8.4m at an average grade of 2.56 g/t gold from 47m and 9.8m at 1.77 g/t from 77m.

ASX-listed Indonesia gold explorer, Sihayo Gold has generated encouraging early gold assays from a diamond drilling program at one of the brownfield prospects at its namesake project in North Sumatra. Notable intersections from nine drill holes completed at the Sihayo-2 prospect were 24.8m at 1.09 g/t gold from 52m including 6m going 2.46 g/t, and 8m at 1.32 g/t from 96m including 1m at 4.4 g/t.

ASX-listed gold explorer, Sihayo Gold has shifted its drilling focus to the under-explored high-grade epithermal vein Sihorbo prospect at its Hutabargot Julu gold-silver project in North Sumatra, Indonesia. The Brisbane-based company recently kicked off a 10-hole program totalling 2,200 metres at the exciting target on the western side of the project area to follow up on a clutch of historic high-grade gold hits.

Sihayo Gold says it has strengthened its case to unearth a “bulk tonnage” gold deposit in Indonesia after its air core scout drilling campaign hit consistent lower grade gold in Sihayo's attempts to open up a second major project area about 6km south-east of its existing 1.5m ounce gold resource at the Sihayo Starter Pit project. The company also says the Indonesian government has signed off on its DFS for the Sihayo Starter Pit project.

Sihayo Gold has unearthed an intriguing near-surface bonanza gold drill hit at its Hutabargot Julu epithermal gold-silver prospect in North Sumatra, Indonesia. The high-grade intersection was 9m at 8.36 g/t gold and 9.3 g/t silver from just 8m depth including 1.2m going a spectacular 48.4 g/t gold and 23.7 g/t silver, providing some cause for on-market excitement as the company's share price more than doubled in intraday trade.

ASX-listed Indonesia gold explorer and aspiring developer, Sihayo Gold, has returned solid gold assays from the first hole of a significant diamond drilling campaign at one of a surfeit of targets at its Sihayo gold project in North Sumatra. The Brisbane-based company kicked off the broad-spaced diamond program comprising 22 holes for an aggregate of 5,500m at the Hutabargot Julu epithermal gold-silver prospect last month.

Aspiring gold producer in Indonesia, Sihayo Gold, has launched a 22-hole diamond drilling program totalling 5,500m at the exciting Hutabargot Julu prospect at its Sihayo gold project in North Sumatra. The ASX-listed, Brisbane-based company successfully flew in and set up the first drill rig in the mountainous terrain, with the second rig expected to be mobilised to site next week.

Aspiring Indonesia gold producer, Sihayo Gold, is set to kick off a first-pass 22-hole diamond drilling program totalling about 5,500m at the exciting Hutabargot Julu prospect at its Sihayo gold project in North Sumatra. The ASX-listed, Brisbane-based company is looking to start drilling next month once drill rigs have been flown in by helicopter and assembled in the mountainous jungle terrain.

ASX-listed Indonesian gold hopeful, Sihayo Gold, is close to wrapping up a massive $40 million capital raise that will see it emerge debt-free and cashed up to fund an aggressive exploration program at its underexplored tenure in the world-class gold setting of North Sumatra. The cash injection will also allow the company to step up plans for the potential US$144 million development of its namesake 1.5Moz “starter” gold project.

Sihayo Gold has announced a successful $10.8 million capital raising via a private placement which is being underwritten by majority shareholder Summit Investments.