QUEBEC – GOLD BULLION DEVELOPMENT of Vancouver is testing the depths of the former Joe Mann mine near Chibougamau in an attempt to outline unmined gold and copper mineralization. Gold production from the mine has totalled approximately 1.25 million oz since the 1950s.
The first hole of Gold Bullion’s program has been completed. The principal vein was intersected at 174.9 metres vertical depth below the 1,150-metre mine level with a core length of 2.1 metres, and it assayed 43.4 g/t Au (uncut), 1.96% Cu, and 15.8 g/t Ag. The gold assays were verified with a grade of 45.2 g/t Au (uncut).
The second intersection (interpreted as the south zone) gave a core length of 0.3 m and assayed 23.3 g/t Au, 0.30% Cu, and 13.3 Ag (gold assay verified at 22.9 g/t Au). The intersection was at 303.6 m vertical depth below the 1,150-metre mine level.
Details of the project are not yet available at the company’s website (www.GoldBullionDevelopmentCorp.com), but information about its other projects in Canada may be viewed.