Diamond drilling by Soquem has hit new gold-bearing veins, allowing the Quebec Crown company and its partner, Eastmain Resources (ESTR-C), to confirm the continuity of the Clearwater deposit in the province’s northwest.
Soquem, the operator, drilled 1,850 metres in seven widely spaced holes as part of an effort to earn a half interest in the project by spending $2 million.
Eastmain holds the remaining half interest.
Soquem intersected gold-bearing quartz-tourmaline veins to the west, along strike and at depth beneath the deposit.
The veins are structurally controlled and associated with pyrite-pyrrhotite and minor chalcopyrite. Alteration minerals in the wallrock are primarily biotite and tourmaline altered rock. Drill hole L96-07 intersected a 50-metre-thick section of tourmaline- and biotite-rich rock at surface, which appears to be associated with a major shear zone.
Drill hole L96-04 intersected five gold-bearing quartz-tourmaline vein systems. The I vein assayed 13.35 grams gold per tonne across 4.1 metres, including a 2-metre section that assayed 23.92 grams. The J vein assayed 16.9 grams gold across one metre, while the J1 vein assayed 19.35 grams over 0.9 metre.
Drill hole L96-03 intersected three vein systems, including the G vein, which assayed 33.3 grams gold across 0.8 metre, with a 0.3-metre interval grading 77.55 grams.
Previous drilling by Westmin Resources defined a 270,000-tonne, near-surface gold deposit at Clearwater grading 6.1 grams gold. The resource included the 70,000-tonne G vein, grading 14.6 grams gold. No new resource has been calculated, and the deposit remains open in all directions.
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