At its Marlhill gold project near Timmins, Ont., Pentland Firth Ventures (PFO-T) has intersected gold mineralization over significant widths
The company drilled several wide, high-grade intersections in a program aimed at testing the former gold producer’s M-1 vein, situated 100-350 ft.
below the lowest workings of the mine. The intersections occurred over widths described by the company as “significantly wider than the M-1 vein’s average width.”
Hole PM-75 cut 0.74 oz. gold per ton over 27.6 ft., including a high-grade interval of 5.6 ft. grading 2.2 oz. On the same structure, but 100 ft. below, another drill hole cut an 18-ft. core length grading 0.35 oz. per ton with a higher-grade section grading 0.48 oz. over 8.2 ft.
A third hole that intersected the M-1 structure, 130 ft. above hole PM-75, encountered an 11.5-ft. intersection with an average gold grade of 0.1 oz.
per ton, containing a 1.3-ft. interval that graded 0.3 oz. gold.
Hole PM-71, 560 ft. northwest of the existing Marlhill workings, intersected 0.29 oz. over 6.7 ft., and Pentland plans to extend the existing workings at least that far northwest. Dewatering of the old workings to the 350-ft. level is scheduled for this month, and engineering and environmental work to rehabilitate the water treatment ponds and mine portal is under way.
The company completed a $4-million flow-through financing on May 31 to fund the underground work at Marlhill.
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