Partners test Birch Lake zones

Partners Wolfden Resources (YWO-V) and Jonpol Explorations (JON-T) have begun exploring the Birch Lake polymetallic property in Ontario’s revitalized Red Lake mining district.

Geophysical surveys and diamond drilling are targeting the PT and the North Contact zones.

The PT zone is hosted by a gabbroic unit with platinum group elements, gold, copper and nickel. Drilling by Bond Gold in 1987 cut up to 0.706 gram combined platinum, palladium and gold grades as high as 0.71 gram per tonne across 187.5 metres. A 1.5-metre section of the larger interval graded 5.8 grams gold, 4.4 grams platinum and 3.4 grams palladium, plus 0.8% nickel and 0.9% copper.

The North Contact zone comprises an untested, 900-metre-long soil anomaly assaying up to 1.1 gram gold per tonne, coinciding with an induced-polarization anomaly. Grab samples of sericite schist host rocks from nearby outcrops returned up to 39 grams gold. The zone lies along the northern contact of the granodiorite portion of the intrusive complex. The Horseshoe Island gold deposit lies along the southern contact of the same intrusive complex. That deposit contains a resource of 810,590 tonnes grading 4.8 grams gold.

Augusta Metals Inc. (AUU-V) has changed its name to Cybercom Systems Inc. (CYB-V) on a 1-new-for-1-old-share basis.