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GOLD EXPLORATION – Gold seekers scour Canada

Large tracts of Canada must be underlain with gold. At least that is the hope of the many, many gold seekers across...


Large tracts of Canada must be underlain with gold. At least that is the hope of the many, many gold seekers across the country. Trying to keep track of them all is a challenge, but for readers curious about recent activity, here is a sampling.

GOLDCORP of Vancouver, EASTMAIN RESOURCES of Toronto, and Montreal’s AZIMUT EXPLORATION plan to form a three-way joint venture covering part of Goldcorp’s southern Eleonore claim block and Azimut’s adjacent C block. Eastmain will be the operator of the new Eleonore South property and may earn a 33% interest by spending $4 million over four years. The property lies in the Opinaca region of James Bay, Que. (See www.Eastmain.com.)

GOLDEN GOOSE RESOURCES of Montreal intersected 124.50 g/t Au over 1 metre and 41.30 g/t Au over 1 metre at the former Magino mine near Wawa, Ont. If that wasn’t enough, the company also cut 299.00 g/t Au in another hole. The intersections were cut 180 metres below the historical workings.

The area around the former Detour Lake gold mine continues to yield encouraging assays for PELANGIO MINES of Toronto. Operator TRADE WINDS VENTURES, which is earning a 50% interest, is drilling Block A and finding high-grade gold values and visible gold in three recent holes. The best hole returned 12.57 g/t Au over 2.5 metres. (See www.Pelangio.com.)

TYPHOON EXPLORATION of Laval, Que., has released the results of the winter drill program at its Fayolle property northeast of Rouyn-Noranda, Que. Hole 19 cut a near-surface intersection of 9.0 g/t Au over 13.4 metres, including 25.2 g/t Au over 4.5 metres. Hole 20 intersected the same alteration corridor and returned 8.0 g/t Au over 25.0 metres including 6.2 g/t Au over 6.0 metres. Assays are pending for seven more holes. (See www.ExplorationTyphon.com.)

Vancouver-based RAINY RIVER RESOURCES has results from the latest nine drill holes at its Rainy River project west of Fort Frances, Ont. From the 17 zone, the best intersection was 1.0 metre that assayed 329.0 g/t Au (yes, I doubled-checked the decimal point) at a depth of about 398 metres. The company continues to drill the 17 zone and the Beaver Pond zone. (See www.RainyRiverResources.com.)

REDSTAR GOLD of Vancouver has extended the mineralized zone to over 850 metres at the Newman Todd property near Red lake, Ont. The best hole returned a 1.0-metre intersection grading 16.35 g/t Au within a 2.0-metre zone grading 12.08 g/t Au. Redstar is earning a 100% interest in the prospect from ANGLOGOLD ASHANTI NORTH AMERICA. (See www.RedstarGold.com.)

Toronto’s SEABRIDGE GOLD has been testing several structurally controlled zones at its Courageous Lake property in the Northwest Territories, and finding grades higher than predicted in the FAT deposit. Hole 47, for example hit a 10.5-metre interval that assayed 3.61 g/t Au, more than 20 times higher than modelling had predicted. Other holes assayed from twice to 10 times higher than expected. (See www.SeabridgeGold.net.)

VALGOLD RESOURCES of Vancouver is in the midst of an 11,000-metre in-fill drilling program at its Garrison property north of Kirkland Lake, Ont. Notable drill intersections include 2.20 g/t Au over 3.7 metres, 8.16 g/t Au over 0.2 metre, 3.52 g/t Au over 3.3 metres, and 5.39 g/t Au over 14.0 metres. (See www.ValGold.com.)

Last but not least, Toronto-based WESDOME GOLD MINES is so encouraged by recent drilling results that it is deepening the main ramp at the Eagle River mine west of Wawa, Ont., to access the 808 and 811 zones. These zones may provide as much as 18 months of additional mill feed. (See www.Wesdome.com.)


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