Jonpol drilling on Linton/Brydges bet

Drilling has started by Jonpol Explorations on its 100% optioned Linto and Brydges property in the Garrison Twp. area of Ontario.

The property is located to the east of Jonpol’s Garrcon joint venture with Cominco Ltd.

At the Linton and Brydges property the drill program will test for the extension of the Canamax discovery hole located about 500 ft east of the Linton/Canamax boundary. The Canamax hole returned 0.06 oz gold per ton over 16.5 ft in the Munro fault zone.

The drill program will also test the eastern extension of the South zone which is indicated in the Cominco-Jonpol joint venture. This structure appears to cross the Linton and Brydges properties, says Jonpol President John A. Pollock.

At the Garrcon joint venture, Cominco has recommended further drilling to expand and further sample this South zone. This zone is currently 1,300 ft in length and is open in both directions and has been tested to a depth of 500 ft. True width and grade are undetermined as yet, but a 4.5-ft average of 0.21 oz gold per ton is indicated by seven widely spaced diamond drill holes, says Mr Pollock. Exploration of the North zone will follow the South zone evalation.

Mr Pollock says an exploration program has been commissioned to start on the Casa Berardi East holdings in Quebec. Jonpol holds various interests in 263 claims in this area and has negotiated an agreement to earn interests in another 133-claim block.

Jonpol has arranged funding of $400,000 by the sale of flow-through shares to finance the above programs, says Mr Pollock.

At the end of the 6-month period ended Sept 30, Jonpol posted a deficit of $1.4 million, up from the $1.2 million deficit in the same period last year. Working capital at the end of Sept 30 this year stands at $613,261, up slightly from the $612,130 posted in the year- earlier period.