Canadian Mining Journal

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CANADIAN MINING PERSPECTIVES: Canadians go for high-grade gold

Canadian companies have a knack for finding high-grade gold deposits. They find them in Canada; they find them in d...


Canadian companies have a knack for finding high-grade gold deposits. They find them in Canada; they find them in distant corners of the world. Not all the discoveries will become mines. Some are too small to justify development costs. Some are found in countries where land tenure is uncertain. Some are too costly to mine, despite gold prices topping US$700/oz this month.

Nonetheless, there are some breath-taking grades out there. Here is a sampling of news that found its way to my inbox over the last week.

If there were a prize for highest gold grade reported last week, the award would go to RADIUS GOLD of Vancouver. That company reports that samples from the Guanpinol vein in the exploration adit at the Tambor project in Guatemala assayed 77.7 g/t over 2.4 metres on the west wall, and 74.5 g/t over 3.4 metres on the east wall. Congratulations! (www.RadiusGold.com)

Vancouvers BELVEDERE RESOURCES reports the best intersection from the Dngesneva gold-copper occurrence graded 12.6 g/t Au over 4.5 metres. The Dngesneva mineralization is one of a number of such occurrences at the Kiimala property in central Finland. (www.Belvedere-Resources.com)

Kamloops, B.C., is home to CASSIDY GOLD CORP., which is drilling its Kouroussa gold project in Guinea, West Africa. Core from the vicinity of the Sanu Filanan deposit has intersected 26.0 g/t Au over 20.0 metres. Another length of core graded 17.1 g/t Au over 9.0 metres and 64.1 g/t Au over 9.0 metres (www.CassidyGold.com)

FIRST GOLD EXPLORATION of Laval, Que., is drilling the Croinor property 75 km east of Val dOr, Que., and has cut three high-grade veins about 160 metres below surface. They assayed 48.4 g/t Au over 1.0 metre, 35.1 g/t Au over 1.0 metre and 15.7 g/t Au over 1.0 metre. First Gold is earning a 50% interest in the property (which contains the former Croinor mine) from X-ORE RESOURCES, also of Val dOr. (www.FirstGoldExploration.com or www.X-Ore.com)

Toronto-based GARSON GOLD CORP. reports promising assays from the No.3 zone at its 100%-owned New Britannia mine property near Snow Lake, Man. The best three discreet intersections came from roughly 350 metres below surface and assayed 11.5 g/t Au over 2.0 metres, 10.8 g/t Au over 2.8 metres, and 11.1 g/t Au over 1.0 metre. The No.3 zone has a resource of 220,000 tonnes at 7.1 g/t Au, or approximately 50,000 oz of gold. The company says it is mid-way through this years 20,000-metre drill program. (www.GarsonGold.ca)

KINBAURI GOLD CORP. of Carp, Ont., reports 24.0 g/t Au over 3.5 metres at the El Valle project in northwest Spain. Twenty-four grams per tonne is nothing to sneeze at, especially when the same intersection assayed 2.5% Cu as well. Kinbauri purchased the former El Valle mine and mill from RIO NARCEA GOLD earlier this year. Underground drilling continues. (www.Kinbauri-gold.com)

MIDWAY GOLD CORP. of Vancouver continues to cut high-grade gold at its Spring Valley project. The best assays were 69.4 g/t Au over 1.5 metres within a 16.8-metre section that averaged 7.0 g/t Au, and 22.3 g/t Au over 1.5 metres within a 47.2-metre section that averaged 1.2 g/t Au. Spring Valley is a new gold discovery near Lovelock, Nevada. (www.MidwayGold.com)

PREMIER GOLD MINES of Thunder Bay, Ont., reports that the company and its partner GOLDCORP (through its subsidiary Red Lake Gold Mines) are having success at the former Wilmar property near Red Lake, Ont. One hole returned 49.0 g/t Au over 1.0 metre. Another hole returned 14.2 g/t Au over 5.0 metres, including a 1.0-metre intersection grading 59.1 g/t Au. The former Wilmar mine is part of the Rahill-Bonanza project that lies along the main Red Lake Trend between Goldcorps Red Lake and Campbell mines to the east and the former Cochenour gold mine and Bruce Channel discovery to the west. (www.PremierGoldMines.com)

The Upper Beaver property near Kirkland Lake, Ont., is under investigation by QUEENSTON MINING of Toronto. Infill drilling has returned results including 34.6 g/t Au over 1.9 metres and 19.2 g/t Au over 0.7 metre. Even step-out drilling is encouraging. One of these holes cut 10.8 g/t Au over 16.5 metres, including 30.6 g/t Au over 4.0 metres at a vertical depth of 820 metres. (www.Queenston.ca)

SAN GOLD, headquartered in Bissett, Man., has recently assayed core as high as 65.7 g/t Au over 0.7 metre from deep drilling at its Rice Lake gold mine. The next best assays were 59.4 g/t Au over 0.6 metre and 48.8 g/t Au over 2.6 metres. San Gold and its consulting geologists have drawn a new geological model based on the assumption that vein deposition is mainly structural in nature. They now interpret the entire thickness of the host unit from surface to 1,900 metres deep as being prospective for veining and gold mineralization. (www.SanGoldCorp.com)

YORBEAU RESOURCES of Montreal is busily drilling the Augmitto, Cinderella and Lac Gamble blocks at its Rouyn property in Quebecs Abitibi Greenstone Belt. The most notable assay was 14.0 g/t Au over 6.7 metres in the Augmitto block. That intersection included 52.9 g/t Au over 0.4 metre and 67.56 g/t Au over 0.3 metre. The core that returned these results, was drilled where historical resources had an estimated grade of 9.2 g/t Au over 3.7 metres. (www.YorbeauResources.com)