Three drills probing Metalore’s Brookbank

Situated north of Beardmore, the 200-claim property is being explored by Placer Dome as part of a $7-million joint venture agreement signed earlier this year with Metalore. Another Toronto-based junior, Ontex Resources (ASE) holds a 10% carried interest in the central claims, but a lawsuit between Metalore and Ontex still overhangs the project.

Metalore President George Chilian said a third drill was added to the project last month and Placer Dome has accelerated its activity on the claims.

Since commencing work in August, Placer Dome has completed more than 30,000 ft of drilling in 26 NQ-size holes, Chilian said.

Most of the holes were completed on the central claims, where a known deposit of 1.3 million tons grading 0.30 oz gold per ton is located. Additional holes were completed in the western and eastern extremities of the 9-mile-long property straddling the Paint Lake fault system.

Chilian said most of the holes have tested the main zone at depths of more than 800 ft. “They (Placer Dome) have been doing a lot of deep drilling,” he said.

No assay results from the recent work were released and it could be several months before Placer Dome reports any new information to Metalore.

Earlier this year a program of surface trenching was completed over an area measuring about 2,100×200 ft on the property’s main gold zone.

Ontex and Metalore are still involved in an ongoing lawsuit over ownership of the Brookbank property. The two companies are scheduled to meet in the Supreme Court of Ontario for a trial next September.

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