Results continue favorable on Goldpost’s Timmins bet

Goldpost Resources, which recently hit a good hole on its Hislop East property in the Timmins area of Ontario,(N.M., Dec 22/86) and reports further encouraging results on the property, says that it is also buoyed by results on its Hislop West ground in the area.

The properties are about 50 miles east of Timmins. The Hislop East ground adjoins the producing Ross mine of Pamour Inc.

On the Hislop West property, the company completed a decline to about 1,100 ft by the end of last year, but was unable to carry out an underground drill program during the first two months of this year because of the scarcity of drills and crews.

It is now, instead, driving a 400-ft crosscut to and through the Gibson West zone, with the turn-off from near the bottom of the main decline.

President P R. Heenan says a pilot diamond drill hole drilled along the line of the cross-cut, located the zone and intersected the zone in the pilot hole from 302 to 319.5 ft, assaying 1.4 oz gold per ton across 17.5 ft for an estimated true thickness of 14.5 ft.

On the Hislop East property (where hole No 1 in previous drilling intersected 70.5 ft assaying 0.27 oz, from 251.5 ft to 322 ft, with individual higher assays within the zone of from 3 ft at 0.43 oz, to 5 ft at 0.76 oz) another 9,000 ft. of drilling has been completed in 31 shallow holes in four different areas along the ore structure and over a strike length of about 4,500 ft.

Results were as follows, in the four areas: (assay results to be inserted here)

Additional drilling is planned in all of the areas, Mr. Heenan says.