Two more holes drilled by Placer Dome (PDG-T) on the Fault Lake property, adjacent to the company’s Detour Lake gold mine in northern Ontario, have intersected gold mineralization.
The property, held in a joint venture with Pelangio Larder Lake Mines (PLLM-C), covers the western strike extension of the mineralized rock units at Detour. The best result in the recent drilling was a 24.6-metre intersection grading 4.8 grams gold per tonne, including two 0.9-metre intervals that graded 46.3 and 41.5 grams.
The holes were collared 200 metres west of some earlier drill holes, which also intersected gold mineralization (T.N.M., Jan. 29/96 and April 1/96). The mineralization in the new holes shows a similar style to that encountered in earlier drilling — mineralized intervals are typically 0.5 to 2.5 metres long, with grades of fewer than 3 grams gold, but occasionally the drill intersects high-grade zones.
Placer Dome holds an option on an adjacent property from Gowest Amalgamated Resources (GWA-T).
About 15 km southeast of the Detour mine, Prism Resources (PRN-V) and Better Resources (BRZ-V) have completed a 12-hole program to test updip and downdip extensions to a previously discovered, shallow-dipping zone of gold mineralization.
Holes updip from known mineralization returned gold values of 0.21-0.65 gram over 1-metre-long core lengths. The highest grades encountered downdip from the zone were 3.2 grams gold over 2 metres and 3.9 grams over 1 metre.
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