Drilling will resume at Hardrock Extension’s (TSE) gold property near Geraldton, Ont., in mid-July, says President Michael Malouf. Hardrock will use $550,000 raised through flow-through financing to probe for parallel occurrences north of the Discovery zone, a series of gold-bearing quartz veins discovered in 1986. Hardrock previously tested the zone with several holes covering a strike length of 800 ft. Results from the zone indicate high-grade gold over widths of up to 25 ft.
Hardrock will also begin stripping outcrops in search of the surface expression of the Stanley zone, another quartz vein structure discovered in 1988 at a depth of 450 ft. Intersections from this zone include a 41-ft. section grading 0.15 oz.
Hardrock’s property consists of 78 claims east of and along strike from the Cockshutt-Mosher gold mine, which produced more than two million ounces of gold between 1930 and 1968. Hardrock has been trying to raise financing to put in a decline on the property, but unable to raise the required $5 million, has settled for further surface investigations.
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