Encouraging gold values have been received by partners Noranda Inc., Stan West Mining Corp. and Canacord Resources from their DeSantis mine property, southwest of Timmins, Ont. A first-phase $1.5-million underground exploration program is under way, with three drill rigs in operation from the underground workings.
One of the better holes is MJD-12 which cut a 21-ft section grading 0.25 oz gold per ton. A wedge from the same hole intersected 27 ft grading 0.23 oz. Other good holes include MJD-19 which intersected 15.7 ft assaying 0.14 oz. Hole 22 graded 0.4 oz across 8.5 ft.
Noranda, the project operator, has identified three ore types in the old mine workings; the most important being an albitite zone which has geologically-inferred reserves of 503,259 tons grading 0.2 oz between the 800-ft and 1,800-ft levels. Possible reserves previously announced by Noranda for the property totalled 297,564 tons grading 0.17 oz.
Underground drilling has also discovered a gold-bearing chert zone, which Stan West says has the potential to substantially increase tonnages. Work planned for this year will include drifting on the 1,175-ft level from the No 2 shaft, now in progress, and additional drilling from the lower levels of the mine.
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