Sudbury Contact plans drilling

A total of 36 reverse circulation drill holes has been completed by Sudbury Contact Mines in the Kirkland-Larder Lake area of Ontario.

The program was to locate anomalous gold areas and define targets with work concentrated on the Larder Townsite group, which is contiguous to the west of Sudbury Contact’s existing 2,000-acre block. Diamond drilling is proposed to test two felsic porphyries discovered by reverse circulation drilling and to follow up the IP survey.

A diamond drilling program is planned for February, 1987, at the company’s Lincoln-Nipissing group, consisting of 53 contiguous claims straddling the Lincoln-Nipissing shear.

To date, 43 reverse circulation drill holes have been completed on the property. Anomalous till samples appear to be related to a major geophysical conductor having a strike length of 5,000 ft, says Mr. Penna. Surface mapping and sampling on strike of this trend outlined a mineralized zone, 100 ft in length, containing up to 0.12 oz gold per ton in a syenite-porphyry sill.

Gradiometer and maxmin EM surveys are proposed for early winter on the Sharp Creek group located in Hearst and McFadden twps. followed up with diamond drilling in February, shoud sufficient targets be identified. So far preliminary mapping and prospecting have been completed over about 15 claims of this 61-claim group.

Regarding the Lawyers gold/silver property in the Toodoggone area of B.C., Mr. Penna says it seems likely that the recent sharp uptrend in gold prices, in particular, may provide the necessary momentum to proceed to production.

For the nine months ended Sept. 30, Sudbury Contact posted a working capital deficiency of $2.5 million.