Encouraging results have been reported by Explorations Minieres du Nord from its Isle-Dieu gold property in the Matagami Lake area of northwestern Quebec.
Among the better assays was hole 837W-1, which cut 10.2 ft of 0.49 oz gold per ton, including a 2.3-ft section of 1.87 oz. These intersections were made within 200 ft of the surface. Another hole, located about 66 ft northeast of the Marcelle vein, returned 0.11 oz gold and 11.3 oz silver over sections of 3.3 ft, less than 170 ft deep.
A decline is planned and the company reports a prefeasibility study should get under way soon to explore the geological structure of the Marcelle vein. Funds for this underground work will come from a public financing at the beginning of 1988.
The company has plans to start a new definition and exploration drilling program this year using funds from a recent $1 million private financing.
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