ONTARIO – With the price of gold reaching record highs almost every day, having a deposit that grades 127.7 g/t (3.73 oz/ton) Au is wonderful thing – even if it was only over 1.0 metres. Northern Gold Mining of Toronto reported just that assay from a drill hole at the Garrcon deposit, part of the Garrison gold property near Kirkland Lake.
Bonanza grades over short intersections are not sufficient to make a mine, but the result was part of a 61.0-metre intersection that graded 2.32 g/t Au.
The latest drill results have confirmed the continuity of the mineralization, according to Northern Gold. Forty-five of the 47 holes drilled in the most recent campaign intersected significant. As an example, nine holes intersected mineralization with average grades of 0.5 g/t or higher over downhole lengths greater than 200 meters. Another eleven holes encountering similar grades over downhole lengths between 100 and 200 meters. Fifteen holes intersected average grades of 1.0 g/t or higher over downhole lengths of at least 50 meters. The best hole of the program, GAR-10-42 encountered an average grade of 1.44 g/t over 209 meters which included an average grade of 2.33 g/t over 108 meters.
The Garrison gold project is located within the Abitibi Greenstone Belt that has produced more than 170 million oz of gold. Details of the project are posted at www.NorthernGold.ca.