Vedron drills hit gold near Timmins

For Vedron Gold (VDGI-M), Ontario’s Timmins gold camp still has the right stuff.

At its wholly owned property in Tisdale Twp., the company is carrying out a 50,000-ft., 40-hole program aimed at testing the on-strike and downdip extensions of a gold-bearing structure hosting the Fuller deposit.

Previous work on the Fuller deposit, above the 650-ft level, identified an undiluted, uncut gold resource of 360,880 tons grading 0.19 oz. gold per ton.

With results in hand from three holes, Vedron says the new program is confirming the existence of multiple zones of gold mineralization at depths below the 650-ft. level. Significant results from these holes are: 13.7 ft.

grading 0.32 oz.; 21 ft. of 0.56 oz.; 10 ft. of 0.38 oz.; and 19.2 ft. of 0.3 oz.

All three holes intersected the HW and Contact zones, which are about 150 apart from each other and open in all directions. Both zones are hosted in pillowed-to-unsubdivided basalts and defined by a sharp increase in silicification, sericitization, carbonatization, quartz-veining and fine-grained pyrite mineralization. Additional gold-bearing areas were detected near several pyrite-rich, feldspar pophyries.

The drilling will continue in an eastward direction towards the claim boundary between the

Vedron property and Placer Dome’s Paymaster gold mine.