Ongoing drilling at the Thorne gold property in Timmins, Ont., has returned encouraging results to
The junior explorer has sunk seven more holes in the No. 7 zone, discovery of which was announced in early September. All but one hit their mark, extending the zone’s strike length to 180 metres.
Hole 17 yielded the highest grade: 9.59 grams per tonne over 4.5 metres starting at a down-hole depth of 125.8 metres, including 2.7 metres at 14.92 grams. The hole also averaged 0.47 gram between 104 and 105.5 metres down-hole and 0.45 gram between 220 and 221 metres down-hole.
Gold values for the remaining holes varied from less than half a gram over 4.5 metres to 5.75 grams over 1 metre. Several such intervals were reported for each hole.
Hole 15 was stopped 11 metres down after intersecting a diabase dyke.
Meanwhile, hole 14, collared to the north, failed to yield more than half a gram from the Red Porphyry prospect. Red Porphyry also represents a recent discovery and lies near-surface.
Hole 14 was collared 150 metres north of hole 10, itself collared 50 metres north of discovery hole 5. Hole 10 averaged 0.26 gram over 13.5 metres and 0.37 gram over 31.5 metres, similar to hole 5, which averaged 0.61 gram over 2.5 metres.
The Red Porphyry prospect is characterized by hematite-sericite-pyrite alteration and is about 1 km north of the so-called Golden River West and East areas. A 1998 resource estimate outlined 4 million tonnes in the 13 zones found in those areas, averaging 3 grams per tonne.
Generally, gold mineralization at Thorne is related to the Porcupine-Destor fault zone, being locally associated with faulting, with and without sulphides, quartz-feldspar porphyries, and reddish arenites (consolidated sandstone in which magnetite has been altered to hematite).
Drilling continues to focus on both new and known gold-bearing areas.
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