Gasser looks to Taylor Twp.

Recent encouragement at the Stock Twp. gold mine near Timmins, Ont., has persuaded St Andrew Goldfields (TSE) to look at the possibility of doing more drilling on its adjacent Taylor Twp. claims.

Although the property has already been explored extensively from surface and via three underground levels reached by a 561-ft. shaft, weak gold prices have prevented the company from doing any drilling since 1989. If financing can be lined up, President Herbert Gasser said he hopes to continue drilling on the West Porphyry zone, one of three gold zones outlined on the property so far.

Having intersected an interval of porphyry-banded green carbonate and adjacent bleached silicified andesite, assaying 0.55 oz. gold per ton over 25.1 ft., Gasser hopes to outline sufficient tonnage in the West Porphyry to justify an underground program.

Indications are that the West Porphyry is about 1,200×20 ft. and is likely to be about 1,000 ft. from the nearest drift in the Porphyry zone which hosts minable reserves of 316,953 tons of grade 0.08 oz.

The Shoot zone, one mile to the west, contains proven and probable reserves of 561,953 tons grading 0.17 oz.

As the West Porphyry comes up against a diabase dyke, the plan is to drill four holes to look for a continuation of the same zone on the other side of the dyke, noted chief geologist Otto Zavesiczky. He said drill crews will target an area 800 ft. south of the shaft.

Funding for the program may come from Stock Twp. cash flow or St Andrew may cut an option agreement with some of the majors that Gasser says have shown interest in Taylor Twp.