Vancouver Recent drilling by Pele Mountain Resources (GEM-V) has intersected near-surface mineralization at the company’s wholly owned Highland gold project northeast of Wawa, in northern Ontario.
The highlight of the 8-hole, first-phase drill program was an 8.16-metre intersection grading 8.36 grams gold per tonne, which includes 0.55 metre of 95.52 grams, starting at 3.21 metres from surface. Another hole returned 0.43 metre of 2.54 grams, and 1.32 metres of 4.34 grams gold, starting at 5.23 metres and 12.3 metres, respectively.
The latest results are from two holes drilled to test the Talisker zone, one of two main gold occurrences being tested in the current program. Talisker consists of at least two gold-bearing quartz veins in a shear zone, including one exposed in a historic shaft.
Assays are expected shortly from six holes drilled to test the Springbank occurrence. Both targets are situated within the Goudreau-Lochalsh Deformation zone, which hosts several past-producing gold mines in the district.
Pele Mountain plans a second-phase of drilling at Highland once results are in hand from Springbank.
The company is also exploring the Oban gold occurrence, 4 km northeast of Springbank and Talisker. Grab samples have returned high grades (up to 128 grams) from very narrow quartz veins, while 27 channel samples returned values ranging from trace to 0.9 gram.
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