Busy Golden Rule to drill Dubuisson/Blindman bets

One of Alberta’s busiest exploration companies, Golden Rule Resources, has started drilling at two properties in Saskatchewan and Quebec. The Calgary-based company has over 33 exploration joint ventures scattered across Saskatchewan, British Columbia and Quebec.

As operator of the Blindman gold exploration project in Saskatchewan’s La Ronge gold belt, Golden Rule will complete a 2,000 m drill program at a cost of $282,000. The program is designed to test the possible extensions of the Pam and Rod zones which host most of the gold mineralization discovered to date.

Previous drilling of the Pam gold zone produced some encouraging results including hole B-6 which cut a 9.2 ft section averaging 0.798 oz gold per ton. When the current program is finished ownership of the Blindman project will be split between Golden Rule 40%, Goldsil Resources 40% and the Saskatchewan Mining Development Corp. (SMDC).

Golden Rule has also started drilling at the Dubuisson project near Val d’ Or, Que. The property has been optioned by Golden Rule to Sunstar Resources of Calgary which can earn a 50% interest by spending $1 million on exploration.

Golden Rule says drilling at Dubuisson last winter uncovered gold values in a geological environment much like the adjacent Goldstack Resources/Aumine gold property.

A 3,000-m drill program budgeted at $350,000 will test this discovery as well as adjacent targets associated with the highly prospective Cadillac break.

A proposed amalgamation between Golden Rule and Goldsil Resources, has been cancelled. Golden Rule President Glen Harper said the discovery of a major high grade gold bearing zone — the Fork Lake and Transom Lake joint venture properties — in La Ronge makes it difficult to establish relative values between the two companies.

Golden Rule has a 30% interest in the Fork Lake joint venture which is operated by SMDC and 30% of Transom Lake which is operated by Goldsil Resources.