Indications are that the Mooseland could be the next gold property in Nova Scotia to warrant an underground exploration program. A third drill is being moved onto the Mooseland property, located 45 miles east of Halifax N.S., to test the down-dip extension of a narrow, high grade zone of gold mineralization being drilled from surface by tse-listed Acadia Mineral Ventures.
The move indicates this will become the focus of attention for Acadia, which holds a number of other properties in the province.
The discovery of an entirely new gold-bearing vein to the north and abundant visible gold and high- grade assays of up to 10.53 oz gold per ton over widths of 5 ft and other assays of 0.2 to 0.73 oz over narrower widths, in 12 drill holes on the main Irving zone, prompted management to bring the extra drill onto the property. It will come from the company’s Renfrew property, also in Halifax Cty.
Assay results from the 12 shallow holes put down to a depth of about 250 ft are still not available due to a backlog in the assay offices of Bondar-Clegg.
The holes were spaced about 300 ft apart along a strike length of about 2,000 ft but indications from surface are that total strike length could be 4,000 ft, according to President Donald Smith. The Irving zone dips at about 70-75 degrees. Deeper holes will test the zone at depths of 1,200 ft to 1,300 ft.
About $1.5 million has been budgeted for evaluation work this year.
Four other properties in similar geological terrain are being explored from underground in Nova Scotia: Seabright Resources’ Beaverdam and Forest Hill properties, Coxheath Gold Holdings’ Tangier property and Northumberland Mines’ joint venture with Inco Ltd. at Cochrane Hill.
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