The first hole of this year’s diamond drilling project encountered a 12-ft-wide quartz vein on its property near Geraldton Ont., reports Hardrock Extensions President S. M. Malouf.
The quartz vein exhibits a high amount of visible gold, he says. Several smaller well-mineralized quartz veins were also encountered below the zone.
This drill hole, No 10, was drilled to confirm a new gold discovery made last summer by Hole 4 which returned assays of 0.29 oz of gold per ton over 12.5 ft within a larger intersection of 0.19 oz over 20 ft or 0.14 oz over 26.5 ft.
Hole 10 was drilled from the shore of a peninsula in Kenogamisis Lake 50 ft below and 50 ft west of the intersection in Hole 4.
Mr Malouf stresses that this is a new discovery tested only by holes 4 and 10. The other eight holes, six of which encountered gold values last summer, were drilled at least 2,000 ft west of the discovery zone.
The discovery is situated in a large folded structure which is along strike of and about 11,000 ft east of the MacLeod Cockshutt mine.
Hardrock intends to drill through to break-up.
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