Vancouver-based Golden Band Resources (GBN-V) plans to carry out more drilling at its gold exploration project near Waddy Lake, Sask., following results from a recent 1,319-metre program. The 13-hole program was focused on three showings:
* Memorial showing — The Kirk Lake project, wholly owned by Golden Band, was subjected to a 3-hole, 183-metre program. The Memorial discovery occurs in a 20-metre-plus-wide package of metavolcanic rocks. The best grades on surface were contained in a quartz-carbonate-sulphide vein grading 27.7 grams gold per tonne over 1 metre.
The extent of the mineralization here is unknown because the area northeast of the surface showing is covered by swampland.
* Fortuna showing — Six holes totalling 862.5 metres were drilled on the Fortuna target, part of Byers Gelt project, which is held 60% by Golden Band and 40% by Golden Rule Resources (GNU-T). The showing is hosted by sericitized and albitized mafic metavolcanics.
The holes were drilled underneath the discovery trench in order to investigate a combined induced-polarization (IP) and chargeability anomaly that defined a zone trending northeast from the showing.
The best results included grades of 10.7 grams gold over 1 metre, 6.76 grams gold over 1 metre and 5.69 grams gold over 1 metre.
* Phantom anomalies — Four holes over 274.4 metres were drilled south of the Tower Lake project (also held 60-40 by Golden Band and Golden Rule), and near the head of two gold-in-till dispersion trains. The source of both dispersion trains remains unknown. Results were unavailable at presstime.
The follow-up program will consist of 500 metres of drilling, to be carried out this month.
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