Bateman gold project Credit: Battle North Gold
Developer Battle North Gold has released a resource estimate for the McFinley zone, located along a 4-km-long corridor stretching out from the F2 gold deposit at its Bateman gold project in Red Lake, Ont.
The resource features 205,700 measured and indicated tonnes grading 6.04 g/t gold totalling 40,000 gold oz., and 259,300 inferred tonnes at 8.53 g/t gold for 71,100 oz. The estimate is based on a break-even incremental economic cut-off grade of 3 g/t gold and assumes the use of the infrastructure and processing facilities at the Bateman project.
“The McFinley MRE provides an encouraging step towards outlining future potential incremental mill feed to the Bateman gold project, which could potentially enhance the overall economics of the project,” George Ogilvie, Battle North’s president and CEO, said in a release.
Ogilvie added that with over 3,900 metres of existing underground development connected to the existing shaft and infrastructure at Bateman, Battle North may be able to fast-track the addition of the McFinley zone material to the mine plan.
“Given the success of our initial exploration program and the potential to enhance the project economics, our plan is to continue to prioritize exploration activity at the McFinley Zone.”
The current McFinley resource extends down to a depth of 162 metres below the surface and covers approximately 1,160 metres of strike. The zone remains open.
The resource is based on 1,620 metres of recently completed confirmatory diamond drilling, 57,945 metres of historical drilling, as well as historical and recent chip sampling.
In October, Battle North tabled a feasibility study for an underground development at the Bateman project, extracting the F2 gold deposit.
For more information, visit www.BattleNorthGold.com.