Honcho exploring gold play at Timmins

Vancouver-listed Honcho Gold Mines is taking on an interesting gold bet in the bustling Timmins area.

It’s a 22-claim block in Bristol Twp. acquired from well-known local prospector R. E. Allerston, President I. C. Christopher tells The Northern Miner. In the northern sector of that township, it is adjacent to ground held by Cominco on the south and Falconbridge to the north.

Target of an exploration program already under way is the source of some unusually high gold values turned up in some vertical dual- tube drill probes carried out by Texasgulf Inc. in 1979. These ran as high as 150,000 ppb, equivalent to several ounces per ton.

Current geological thinking is that these documented values picked up in the glacial till and material covering the bedrock in several holes suggests a northerly or “up ice” source. Of added significance is the presence of IP target areas in the immediate area.

Too, limited rock outcroppings reveal some silicified and carbonatized zoning with sulphide mineralization, conditions generally considered a hospitable association for gold deposits in the Porcupine area.

Geophysical gridding is currently in progress and will be followed by power stripping and diamond drilling, Mr Christopher says.