Drilling by Temex Resources (TME-V, TMXRF-O) at its Juby joint-venture property, 20 km west of Gowganda, Ont., has discovered new gold mineralization on the deposit.
A drill hole 50 metres west of another drilled in 2004 intersected multiple gold zones, one of which was a 2.2-metre interval grading 15 grams gold per tonne. The intersection does not appear to be an extension of the mineralization intersected in the older hole; the extensions along strike appear to be deeper in the hole, and include a 2.9-metre core length grading 3.4 grams gold per tonne.
The zone coincides with an induced-polarization anomaly with a strike length of 650 metres, and has not been closed off by drilling either along strike or downdip.
About 500 metres west, two other holes tested continuity of several intersections in another 2004 drill hole. Both intersected gold mineralization, with a 9.4-metre interval in one hole, 30 metres below the 2004 intersection, grading 3.2 grams gold per tonne. The other drill hole, 50 metres west, intersected 21.2 metres averaging 1.7 grams gold and 6.8 metres grading 3.3 grams gold.
The drilling is about 2 km northwest of the known Juby resource, where a resource estimate put the size of the deposit at 8.6 million tonnes grading 1.8 grams gold per tonne in the measured and indicated categories, plus 1.8 million tonnes grading 1.8 grams gold in inferred resources.
Juby is a joint venture between Temex, the project operator, and Goldeye Explorations (GGY-V, GEYEF-O). West of Juby, Goldeye drilled several mineralized intersections on the Tyrrell structural zone on its Tyrrell property in 2005.
Be the first to comment on "New gold zone at Juby (November 19, 2007)"