Canadian Mining Journal

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GOLD EXPLORATION: Rundown of recent news

News of work on gold exploration projects is always welcome, and this week there seems to be more drilling news than usual. So here is a rundown from some of the  news releases issued since Monday (in alphabetical order).



News of work on gold exploration projects is always welcome, and this week there seems to be more drilling news than usual. So here is a rundown from some of the  news releases issued since Monday (in alphabetical order).

Ascot Resources of Vancouver has drilled 22.68 g/t Au over 8.0 metres from the Martha Ellen zone at its Premier project near Stewart, BC. Better still, the same core returned 96.4 g/t Ag. The company says it has reason to believe the zone is the northwest fault offset extension of the Big Missouri zone. An initial resource will be forthcoming. (AscotResources.ca)  

Toronto-based Carlisle Goldfields announced “positive” results from its Last Hope project 20 km southeast of Lynn Lake, MB. The best intersection was 8.1 g/t Au over 6.5 metres from approximately 360 metres below surface. The property has a historical (non-compliant) resource of 888,000 tonnes grading 9.4 g/t Au. (CarlisleGold.com)

Gold Fields continues to drill the Larder Lake project belonging to Bear Lake Gold of Longueuil, QC. The property lies on the prolific Cadillac-Larder Lake break in northeast Ontario. The Fernland zone results included 1.25 g/t Au over 17.0 metres, 0.96 g/t over 2.3 metres, 2.12 g/t over 10.0 metres, 2.1 g/t over 1.0 metre and 1.96 g/t over 1.5 metres. (BearLakeGold.com)

Golden Band of Saskatoon has intersected “significant” gold mineralization from both deep and shallow holes at its Roy Lloyd mine in the La Ronge gold belt of Saskatchewan. Two shallow holes returned 9.15 g/t Au over 3.36 metres and 15.06 g/t over 3.30 metres (the lengths are true widths). A 400-metre deep hole returned 19.80 g/t over 11.73 metres including 5.93 metres of 33.29 g/t Au, 0.93 metres of 99.13 g/t, and 2.07 metres of 25.73 g/t. (GoldenBandResources.com)

Based on intersecting new high grade zones, Northern Superior Resources of Sudbury, ON, has expanded the Croteau Est gold discovery adjacent to its Waconichi property near Chibougamau, QC. Visible gold was reported in several high grade cores, the best of which was 69.30 g/t Au over 0.60 metres. (NSuperior.com)

Seabridge Gold of Toronto has discovered a promising new gold zone at its Courageous Lake project 240 km northeast of Yellowknife, NT. The find was made at Walsh Lake and appears to be the southern extension of the historical Tundra gold mine that was abandoned in 1999. The most northern hole returned three excellent intercepts including 21.2 metres averaging 8.16 g/t Au, 5.6 metres grading 5.93 g/t Au and a further 4.9 metres of 10.49 g/t Au. The discovery is about 10 km south of the FAT deposit where the company has outlined proven and probable reserves of 91.1 million tonnes at 2.20 g/t Au, or 6.46 million oz of contained gold. (SeabridgeGold.com)

The results of trenching rather than drilling have allowed Slam Exploration of Miramichi, NB, to extend the Maisie gold zone to 350 metres along strike at its Menneval claims in northwest New Brunswick. The Maisie discovery was announced on Aug. 31, and the company has traced a gold bearing vein with visible gold for approximately 230 metres of its length. A separate trench uncovered two cross-cutting quartz veins about 700 metres southeast of the Maisie zone. (SlamExploration.com)

Victoria Gold of Toronto says it is continuing to drill higher grades and wide intercepts at its Eagle development project about 80 km by road from Mayo, YT. Assays of 2.04 g/t Au over 12.0 metres including 6.84 g/t over 2.1 metres, 6.66 g/t over 7.5 metres including 15.87 g/t over 3.0 metres, 3.61 g/t over 19.5 metres including 35.40 g/t over 1.0 metre, and 1.20 g/t over 43.5 metres have been received. The Eagle mine is taking flight based on probable reserves of 92 million tonnes grading 0.78 g/t Au or 2.3 million oz. (VitGoldCorp.com)