Teck outlines two possible oreshoots

A first phase of drilling has wound down on Teck’s (TSE) Thunder Lake West gold project in northwestern Ontario.

In total, 34 holes were drilled in a 15,894-ft. program funded by Continental Cartech (CDN). The company can earn a half interest by spending $1 million over three years.

Two possibly high-grade oreshoots were identified within a 100-ft.-thick band of sheared and altered felsic volcanics which contained anomalous gold values. To define the broadly anomalous zone, 21 holes were drilled along a strike length of 1,050 ft. The remaining 13 holes defined the two possible oreshoots.

The first high-grade oreshoot includes previously released results (T.N.M., Feb. 7/94), as well as the following new intersections: Hole TL-59, which intersected 1.86 oz. gold per ton over 5.9 ft.; TL-64, which ran 0.12 oz. over 20.8 ft.; TL-67, which ran 0.47 oz. over 8 ft.; and TL-76, which had an intercept that graded 0.15 oz. over 10.2 ft.

This oreshoot has a strike length of 160-250 ft., plunges steeply to the west and extends to a depth of at least 518 ft.

The second possible oreshoot, 500 ft. west of the first, was intersected in the final hole. TL-77 intersected an impressive 81.5 ft. which ran 0.17 oz. This included three high-grade sections which ran up to 1.92 oz. over 3 ft. Three other holes, within 200 ft. of TL-77, intersected values up to 0.11 oz. gold over 21.7 ft.

A second phase of drilling, to total 25,000 ft., will be aimed at extending these high-grade shoots, as well as defining other structures within the stratigraphic horizon.

To obtain funds, the company has completed a flow-through financing in the amount of $625,000.

The property is situated near Dryden.

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