Fast pace at Duport by Cons. Professor

Underground driling will continue at a fast pace at Consolidated Professor Mines’ Duport gold property near Kenora, Ont., reports President G. R. Cunningham-Dunlop.

The underground program will include 175 drill holes, totalling 45,000 ft, from new drifts now being driven on the 400- and 660-ft levels. This detailed drilling will define a mineable reserve for early years of production above the 660 level and block out reserves to the north and at great depths, recently indicated by drilling from surface, says Mr Cunningham-Dunlop.

The first 22 surface drill holes, included an intersection of 0.23 oz gold per ton over 19 ft, at a vertical depth of 1,350 ft.

Subsequently Hole 87-23, drilled on the same section in the new Northern zone, cut 0.66 oz gold per ton over 5.8 ft and 0.35 oz over 11 ft, at depths of 1,440 ft and 1,600 ft respectively. These are the deepest holes yet drilled on the property and indicate a potential for a substantial increase in mineral reserves, he says.

Present reserves of 1.5 million tons have been outlined by drilling to an aveage depth of 900 ft below surface.

The company has completed a placement of 977,768 flow-through shares to private investors at $2.25 per share through Richardson- Greenshields of Canada as its agent. Work to date has been funded by Conwest Exploration whereby Conwest committed to qualifying expenditures of $3.57 million to earn flow-through shares.

The surface and underground exploration program at the property is expected to be completed in July at a total cost of $5.8 million.