Deep drilling results enhance Tundra play

Results from two deep drill holes have considerably enhanced the potential of the Tundra gold property, held by Noranda Exploration Co. and partner Getty Resources. Located 130 miles northeast of Yellowknife, N.W.T., the Tundra property was tested by a series of five deep drill holes this winter. Results from three other holes are expected shortly.

Both holes intersected wide sections of good mineralization at depths exceeding 1,600 ft — or more than 1,200 ft below known reserves. Previ ous work by Noranda outlined probable reserves of 1.28 million tons grading 0.28 oz gold per ton in the Fat zone, to a depth of 400 ft. The zone averages 11 ft in width.

The latest holes have established the continuity of the zone to more than 1,600 ft thereby opening up the possibility of a major increase in reserves. “The potential of the deposit has been considerably improved,” John D. Harvey, president of Noranda Exploration tells The Northern Miner.

Mr Harvey notes, however, that this remote part of Canada will require good grades in order to make the project economic. Echo Bay, a major Canadian gold producer, operates the Lupin mine located north of the Tundra property. Lupin mines an average grade of 0.32 oz gold per ton.

Some of the better sections from the two Noranda holes are listed below. Hole Intrsec Width Oz

(ft) (ft) Au/ton F-40 610.0-613.3 3.3 0.24

1125.0-1138.2 13.2 0.32

1212.0-1217.0 5.0 0.20

1240.0-1250.0 10.0 0.19

1259.5-1266.1 6.6 0.21

1420.2-1426.8 6.6 0.24

1451.4-1471.1 19.7 0.27

1776.1-1784.3 8.2 0.16 F-41 787.2- 830.8 43.6 0.32

987.3- 995.5 8.2 0.18

1131.6-1141.4 9.8 0.26

1284.1-1326.4 42.3 0.26

1350.7-1363.8 13.1 0.20

1404.8-1414.6 9.8 0.21

1460.6-1472.1 11.5 0.33

1552.4-1578.6 26.2 0.42

1611.5-1616.4 4.9 0.26

1669.5-1690.8 21.3 0.17

1938.8-1947.0 8.2 0.23