Holmer confirms new gold zone at Bristol property

Holmer Gold Mines (HGM-T) is finding further indications of a new zone of gold mineralization on its Bristol Twp. property, west of Timmins, Ont.

The company recently drilled through 19.5 metres grading 6.2 grams gold per tonne in the “ultramafic zone,” which lies in ultramafic rocks structurally below the property’s main footwall zone, where mineralization occurs in strongly sericitized volcanic rocks.

The new intersection included two higher-grade intervals — one of 2.3 metres grading 20 grams and another of 4.3 metres grading 11.4 grams. The hole also encountered the footwall zone, cutting 5.9 metres that ran 5.2 grams per tonne. Two other gold zones occurred in the ultramafic rocks sandwiched between the footwall zone and the ultramafic zone. One measured 3.7 metres grading 9.3 grams; the other, 3.5 metres grading 7.8 grams.

The main intersection through the ultramafic zone is at a vertical depth of 820 metres, and Holmer correlates it with the first intersection in the ultramafic series — a 4.8-metre intersection that graded 11 grams gold per tonne, 50 metres east and 250 metres vertically above the new intersection.

The mineralized zones are open down-plunge to the west, and Holmer intends to drill-test immediately above and below the most recent intersection.