The gold zone being developed in the Mishibishu Lake area of northern Ontario under a joint venture with Granges Exploration has now been traced for 1,100 ft with current drilling stepped out to beyond 4,000 ft, reports partner MacMillan Energy.
Two drills are probing the extension of the zone while a third drill is testing additional geochemical and geophysical anomalies on the 20,000-acre property.
New assays released include a 14.5-ft section from Hole 39 grading 0.312 oz gold per ton. Footwall assays from the hole are being awaited. Other new results come from M-35 which returned a 12.11- ft section grading 0.157 oz gold per ton, including a 6-ft section which grades 0.264 oz.
Hole M-38 intersected 5 ft of 0.192 oz, while M-37 returned 2 ft of 0.100 oz. M-36 intersected 6.49 ft of 0.103 oz and M-34 returned 15.29 ft of 0.038 oz.
While Granges President Mike Muzylowski says “we are dealing with a major structure that currently is being tested to a depth of 400 ft or so,” he adds plans are to extend a series of holes to the 500-700-ft level.
A fourth drill will be added to the project for deeper testing when anticipated depth extension of the mineralization to the 500-700-ft level is confirmed, he says.
The results to date indicate the gold mineralized zone being explored plunges approximately 40 degrees to the north, wholly on ground control led by the MacMillan-Granges joint venture.
The mineralization is believed to be an epithermal system in mainly felsic volcanics in a quartz sericite schist. Fuchsite also has been identified as a gold source.
Mr Muzylowski says drilling in the current series of holes has been on 50-m spacing with available results spanning 1,100 ft with “values averaging approximately 0.17 oz gold per ton over significant distances.”
A continued successful fill-in drill program to 70-100-ft intervals will permit evaluation of reserves in the probable class and prompt consideration of an underground exploration program, he notes.
He adds expansion of the current program includes preliminary metallurgical testing, planned to start shortly.
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