Toronto-listed T & H Resources is exploring a 627-hectare gold property at Damoti Lake, within the prospective Indin Lake Greenstone Belt, 175 km northwest of Yellowknife, N.W.T.
The BR-2 property, as it is called, encompasses prospects with potential for both lode gold and auriferous banded iron formation, the company says. It is situated astride a volcanic-sedimentary contact on the west shore of the lake and 2 km west of the BIF showing of Athabaska Gold Resources (TSE), Consolidated Ramrod Gold (TSE) and Gitennes Exploration (CDN). At two showings on the T & H property, previous work has defined a section of a carbonate-pyrite-altered shear zone. It measures 350 metres long by 160 metres wide.
Grab samples of quartz veins from old trenches within the zone assayed between 13.02 and 71.1 grams gold per tonne, while chip samples of wallrock returned values of 180-850 parts per billion.
At the Pond showing, shallow diamond drill holes in 1946-48 returned 10.28-43.2 grams over narrow widths.
And below the main trench, at the G showing, Hole G-5 returned 17.14 grams over 1.37 metres and 7.78 grams over 2.28 metres.
Further drilling is planned, as are ground geophysical surveys.
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