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GOLD EXPLORATION – More drilling, more gold for Committee Bay

NUNAVUT - Edmonton's COMMITTEE BAY RESOURCES says gold mineralization is even more widespread in the Committee Bay ...


NUNAVUT – Edmonton’s COMMITTEE BAY RESOURCES says gold mineralization is even more widespread in the Committee Bay greenstone belt than previously thought. Results from the first eight holes drilled at the Inuk prospect, at the northern tip of the property near Baker Lake, are boosting the potential of that prospect.

Results include high-grade gold intercepts of 13.56 g/t Au over 5.44 metres in hole 07IN001 and 11.18 g/t Au over 11.00 m in hole 08IN006. The zones remain open at depth and along a strike length of 700 m. The eight holes were part of a nine-hole, 1,100-m program.

The Inuk prospect is 147 km northeast of the Three Bluffs deposit. Mineralization occurs as high-grade sulphide-bearing silicified zones up to 10 m wide. They are hosted in a 20- to 30-m thick lower-grade envelope of iron formation that may be up to 60 m thick. Gold within the high-grade zones occurs as nuggety, very coarse-grained blebs.

The Committee Bay greenstone belt is 300 km long, 5 to 50 km wide, and geologically comparable to the Red Lake, Ont., gold camp. Multiple gold occurrences have been tested along its length. See the interactive map posted at www.CommitteeBay.com.


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