Overburden drilling funded by Vior Inc. on a property held jointly by Inco Ltd., the operator, and Cambior in northwestern Quebec’s Douay Twp., indicated three areas of anomalous heavy mineral concentrates.
One area is a zone one mile long where six holes contained delicate gold grains. One hole was highly anomalous, says Vior, containing 240 gold grains in the lower till which the company says is indicative of short transport distance.
Another zone, also a mile long, returned delicate gold grains in the lower till from four holes. Two holes in a third zone, about a half-mile long, also returned delicate gold grains.
A diamond drill rig is currently testing the extension of the known gold zone which contains 250,000 tons grading 0.3 oz gold per ton. A second rig will be put to work before the end of the year.
Vior will earn a 25% interest in the property by spending $2.5 million on exploration this year and can earn a further 10% by spending another $1 million within the next two years.
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