Flanagan McAdam now underground at Mishibishu Lake

Underground work has started at Flanagan McAdam Resources’ Magnacon gold property in the Mishibishu Lake area of northern Ontario.

Flanagan holds a 50% interest in the property while associated company Muscocho Explorations, the operator, holds 25% and Windarra Minerals holds 25%.

A decline ramp, targeted to reach 1,645 ft in length, has advanced more than 100 ft. At the target depth of 310 ft below surface the operators will crosscut to intersect the main gold zone, drift along the zone, take a bulk sample and do diamond drilling to establish the continuity and grade of the deposit.

Extensive surface drilling has been done on the property. One hole, about 1,300 ft west of the main gold zone, could be a new zone the company says. Ten followup holes drilled in the vicinity returned generally low assays, but visible gold was noted in core from four of the holes and these are being reassayed.

The latest drilling on another zone 1,000 ft further west on the extension of the gold-bearing structure, has returned inconclusive results with assays ranging from 0.047 to 1.10 oz gold per ton over widths of 1-3 ft. The company says the vein structure is strong, however, and regards the zone as a good target for future work.