Partners cut PGM at Legris Lake

Assay results are in from a 1,068-metre drilling program by equal partners Avalon Ventures (AVL-V) and Starcore Resources (SOE-V) on the Legris Lake polymetallic project near Thunder Bay, Ont.

The holes cut several stacked zones ranging from 7 to 13 metres in width. These zones, which remain open at depth, appear similar to those cut during last year’s program. The drilling tested for downdip extensions to the northwest.

Two holes collared on the Poplar zone confirmed the northwestern dip. Hole L00-14 was highlighted by a 5.87-metre interval (from 54.8 metres below surface) grading 2.1 grams palladium, 0.34 gram platinum, 0.15 gram gold per tonne, plus 0.3% copper and 0.12% nickel.

Hole L01-16 intersected 9.6 metres (from 17.7 metres) of 0.6 gram palladium, 0.11 gram platinum, 0.19 gram gold, plus 0.35% copper and 0.07% nickel. The hole seemingly cut a separate zone comprising a 7-metre section that ran up to 15% disseminated and net-textured pyrite, pyrrhotite and chalcopyrite.

The Poplar zone remains open to depth to the northwest. The partners intend to begin a 1,000-metre, follow-up program in late November. Funding is already in place. The program will also test other geophysical targets identified elsewhere on the property during the summer.

On the Main zone, hole L01-15 returned 10.6 metres (from 129 m) running 0.6 gram palladium, 0.17 gram platinum, 0.15 gram gold plus 0.28% copper and 0.1% nickel, and 1.1 metres (from 138.4 m) grading 1.2 grams palladium, 0.29 gram platinum, 0.23 gram gold, plus 0.44% copper and 0.11% nickel. The hole cut disseminated pyrite and chalcopyrite 60 metres downdip from previous intersections.

Hole L01-13, at the Stonefish Lake zone, extended mineralization 35 metres downdip and returned 15.6 metres (from 81.3 m) of 0.34 gram palladium, 0.09 gram platinum, 0.03 gram gold, plus 0.03% copper and 0.02% nickel.

Hole L01-12, collared 1.8 km east of the Main zone on an induced-polarization chargeability anomaly associated with the Cross zone, yielded 5.7 metres (from 46.9 m) of 0.11 gram platinum plus palladium , plus gold copper and nickel values.

The drilling is part of a $1-million program being funded by Placer Dome (PDG-T). The major can earn a half-interest in the property by spending $4 million on exploration over four years. Placer can boost its stake to 60% by completing a bankable feasibility study.