Newhawk, Granduc budget $1.5 million for Sulphurets

Project operator Newhawk Gold Mines (TSE) will be continuing surface geological work during the first-phase drill program currently in progress on the Sulphurets property north of Stewart, B.C. The company said results from this work and from airborne geophysical surveys will be added to available data for planning further work on bulk-tonnage and other targets. A 2-phase, 13,000-ft. surface drill program began in early July. About 7,500 ft. has been planned for drilling on selected bulk-tonnage copper-gold targets in the first phase, followed by about 5,500 ft. drilled on higher-grade targets on the Brucejack area in the second phase. Newhawk owns 60% of the Sulphurets property, with Granduc Mines (TSE) holding the remaining interest. Previous work on the property was focused on developing an underground gold-silver deposit which is not considered economic at current gold prices. This year’s $1.5-million surface exploration program includes work on several bulk-tonnage copper-gold prospects that have received little or no work in the past. These include the Sulphurets gold zone, Mitchell zone and Main copper zone. Newhawk reports that recent surface sampling on the Mitchell zone expanded the area of known copper-gold mineralization. The zone has never been drilled, and two 500-ft. holes will be drilled to determine geological character and obtain continuous sample data. Initial Mitchell zone drilling will be followed by three exploratory surface holes on the Sulphurets gold zone. A hole drilled on this zone in 1968 averaged 0.56% copper over its entire 504-ft. length. This year’s drilling will test about 1,650 ft. of the known 7,000-ft. strike length.