Exploratory drilling at the Red Lake mine in northwestern Ontario indicates that the size of the mine’s high-grade gold zone is larger than earlier forecast, says owner Goldcorp (TSE).
Three holes suggest the main quartz-carbonate zone has a minimum strike length of 800 ft. between the 31 and 32 levels. The drilling also reveals improved widths in the zone.
Several footwall and hanging oreshoots will be subjected to infill drilling in the new year.
“We’re pleased with these results, which indicate a strike at least 60% longer than the earlier forecast of 500 ft.,” says President Robert McEwen. He adds that the numbers justify the reduction in production levels, effected early this year, which was aimed at permitting increased exploration and development.
On the deepest (38) level, assay results have been received for the sulphide zone, and visual examination has revealed the downward continuity of the quartz-carbonate zone with minor visible gold.
An independent feasibility study, due before the new year, is examining methods of integrating the new zones with existing production.
The 47-year-old mine and its 1,000-ton-per-day mill currently employ 250 people.
The latest drill results are as follows:
HoleIntervalWidth Gold
(ft.)(ft.)(oz./t, uncut)
30-916206.5-220.413.92.58
30-918260-286263.77
34-114.0685-699.314.31.48
34-117718.5-721.32.81.35
830.8-835.04.21.49
856.4-863.472.21
887.5-892.557.7
.0908-962.554.50.58
34-118.0330-339.19.10.59
34-121.0403-403.70.74.81
429.9-440.010.11.15
.0959-961.32.30.41
38-081957.1-1963.160.47
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