NEWFOUNDLAND — The latest drill core assays from the Viking gold property 10 km from Sops Arm have been released, and they include a bonanza – 218.79 g/t Au over 0.5 metres and 50.05 g/t over 3.7 metres. The property is owned by Altius Minerals of St. John’s, and Calgary’s Northern Abitibi Mining can earn a 51% interest by issuing 1.1 million shares and spending $1.2 million on exploration of the property over four years.
Northern Abitibi reported two holes that cut excellent grades within the Thor vein. Hole 08VK-01 intersected 5.75 metres interval from 3.0 to 8.75 metres deep grading 33.74 g/t Au, including the 3.7-metre interval of 50.05 g/t and the 0.5-metre interval of 218.79 g/t Au (6.38 oz per ton). Hole 08VK-02 intersected 3.8 metres from 6 to 9.8 metres deep, grading 16.12 g/t Au, including a 0.4-metre interval of 35.84 g/t and 0.5 metres of 41.66 g/t.
Both holes also intersected a second smaller high-grade footwall vein running roughly sub-parallel to the Thor vein but located about 30 metres below it. This is a narrow quartz sulphide vein containing visible gold and has returned grades of 4.68 g/t Au over 1.0 metre and 37.62 g/t Au over 1.0 metre.
Assays from holes three to 10 are expected within a few weeks. Visit www.NAMinco.ca to read the latest reports.