Int’l Larder drilling near Timmins

Not all junior companies have headed off to exotic foreign destinations to find their next gold discoveries. International Larder Minerals (CDN) is of the view that Canada’s historic gold mining camps still have plenty of potential for new finds.

The junior has started an exploration drill program on an optioned property in Matheson Twp., about 25 km west of Timmins. The program is aimed at searching for gold mineralization in a geologically favorable greenstone belt about 6 km east of Kinross Gold’s producing mine at Hoyle Pond. Director John Harvey, formerly president of Noranda Exploration, believes the Timmins camp has the potential to yield more discoveries even though considerable work has been carried out over the years.

“Most of the drilling done in the past was relatively shallow, and usually tested only the first 800 ft. (240 metres),” he said, adding that the newer discoveries in the camp are being generated by drilling at deeper levels.

International Larder intends to carry out systematic drill-testing on the property, where past work indicated the presence of gold occurrences. Two geophysical horizons have been identified, and each will be drilled. The Porcupine Destor fault, which is related to several of the gold deposits in the Timmins area, is about 3 km south of the company’s property. “We are also on strike with the Kinross geology,” Harvey said.

International Larder is a diversified mining company with a producing talc mine in Highwater, Que. The company is in the midst of a $3-million capital expansion program at its mine site and mill. This initiative is expected to increase cash flow significantly, starting this year, to $1-2 million annually and allow the sale of new products.