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GOLD EXPLORATION: Bonanza grades at three projects

ONTARIO and MANITOBA — Some say bad things happen in threes, but here are three examples of good news to make...


ONTARIO and MANITOBA — Some say bad things happen in threes, but here are three examples of good news to make the hearts of gold bugs sing.

 

Melkior Resources of Ottawa has received initial trenching and drilling results from its Timmins West property in Carscallen Township, Ont. The best intersections were from hole TW-08-10-13 which returned 60.27 g/t Au over 1.8 metres and 8.12 g/t over 2.45 metres. The company is investigating the 1010 vein area and the ZamZam zone. Assays from the 2007 ZamZam trenching returned what the company calls “spectacular values in relatively narrow, pyrite-filled fractures”. “Spectacular” might be an understatement; one grab sample assayed 845.7 g/t Au. (www.Melkior.com)

 

Toronto’s Queenston Mining is testing the past-producing McBean gold deposit (1984-87) near Kirkland Lake, Ont. Drill holes have intersected multiple zones of mineralization including 10.2 g/t Au over 13.6 metres, 7.4 g/t over 15.9 metres, 5.9 g/t over 19.1 metres, 5.7 g/t over 18.1 metres, 9.5 g/t over 6.1 metres and 6.5 g/t over 9.3 metres. The second phase of drilling using two rigs has begun at the project, and the company plans to put the McBean deposit back into production. (www.Queenston.ca)

 

At Bissett, Man., San Gold continues to test the Hinge zone from surface and reports that more new high-grade intersections have been made. In three separate holes where mineralization was encountered from approximately 150 to 429 metres, the following results were obtained: 75.7 g/t Au over 2.6 metres, 10.3 g/t over 3.1 metres, 23.3 g/t over 1.0 metre and 6.2 g/t over 4.3 metres. The Hinge zone lies 1 km from the Rice Lake mill. Scott Wilson RPA has been hired to conduct an audit of results and initial resource estimate. (www.SanGoldCorp.com)


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