A three-hole winter drilling program by Conquest Resources (CQR-V), at the King’s Bay property in the Sturgeon Lake area of northwestern Ontario, has intersected stockwork gold mineralization.
One drill hole from the ice on Sturgeon Lake intersected 34.7 metres of stockwork material, including a 0.3-metre intersection running 22.7 grams gold per tonne. There was visible gold in parts of the core.
The mineralization was a blue-black quartz vein in sheared quartz-feldspar porphyry, precisely the same material that had been found years ago in boulders south of King’s Bay. Previous operators had discovered three boulder trains with gold mineralization assaying up to 521 grams gold per tonne.
Two other holes intersected the porphyry host rock, which was weakly to moderately altered but carried no significant veining or mineralization.
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