A six-hole drill program by Band-Ore Resources (BAN-T) at its Thorne property west of Timmins, Ont., has found new low-grade gold mineralization in previously untested areas south of the property’s main mineralized zone.
Two holes drilled about 2 km south of the known mineralization intersected highly altered volcanic rocks with sericite, quartz, carbonate and fuchsite. One hole returned an average grade of 0.5 gram gold per tonne over a 5.4-metre core length, while the other hole intersected the down-dip projection of this same zone, encountering grades around 0.05 gram.
A third hole about 1 km south of the main mineralization cut a 72.3-metre core length with grades varying from non-detectable to 0.4 gram per ton. The host rocks were altered volcanics with fuchsite, quartz and carbonate, plus local pyrite and arsenopyrite.
Three other holes did not intersect any significant gold mineralization.
Band-Ore plans to start an airborne magnetic survey in the next two weeks and expects to be drilling again on other untested targets before the end of March.
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