Good gold grades for Northern Abitibi

Discovered earlier this season by trenching, the Thor vein at the Viking gold project in near Sops Arm, Nfld. is proving to be a promising discovery, reports operator, Northern Abitibi Mining (NAI-V).

 

Results from two holes from a 10-hole program have returned high-grade gold mineralization in the Thor vein, which consists of a zone 1.5-8 metres in width, hosting many individual quartz-sulfide veins ranging from 0.3-1.8 metres wide.

 

Hole 08VK-01 returned 5.75-metres grading 33.7 grams gold per tonne, including 3.7 metres grading 50.1 grams gold and 0.5 metres grading 218.8 grams gold per tonne.

 

Hole 08VK-02 intersected 3.8 metres grading 16.12 grams gold per tonne including 0.4 metres grading 35.8 grams gold and 0.5 metres grading 41.66 grams gold.

 

Both of these drill holes intersected a second smaller high grade footwall vein running roughly sub parallel to the Thor vein but located about 30 metres below it. The footwall contained visible gold and returned grades of 1 metre grading 4.7 grams gold in the first hole and 1 metres grading 37.6 grams gold in the second.

 

Results from the other eight holes have not come back yet. The mineralization is a part of a large gold-bearing system within a 4-km long gold-in-soil anomaly.

 

Northern Abitibi has the option to earn 51% in the project from Altius Resources (ALS-T) by issuing 1.115 million shares of Northern Abitibi and spending $1.2 million in exploration over four years.

 

 

 

Print

Be the first to comment on "Good gold grades for Northern Abitibi"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close