QUEBEC — Joint venture partners X-Ore Resources of Val d’Or, QC, and First Gold Exploration of Laval, QC, have completed a new 43-101 compliant resource estimate for the Croinor gold property east of Val d’Or. The report estimates total measured and indicated resources to be 814,228 tonnes grading 9.11 g/t Au using a cutoff of 5.00 g/t.
Drill results obtained over the last two years have led to a reinterpretation of the deposit. The partners believe that it consists of numerous east-west elongated, shallowly north-dipping and plunging mineralized shoots. Each shoot extends laterally from 50 to 250 metres. Previously, mineralization was believed to occur in a series of discontinuous tabular structures.
The Croinor deposit was discovered in 1939 and developed for underground production. The property was an on-again/off-again operation that changed hands many times until X-Ore and First Gold created their partnership in 2007. The deposit is hosted in a dioritic intrusive. Gold mineralization is contained within lenses of quartz-carbonate-tourmaline and altered host rock with pyrite.
X-Ore and First Gold have applied for permits to rehabilitate the underground workings. Additional information is posted at www.X-Ore.com.