Canadian Mining Journal

News

GOLD EXPLORATION NEWS Drilling at Monument Bay Yields High Grade Values

RED SUCKER LAKE, Man. Drill core from the Monument Bay project, in the northeast corner of the province, has assa...


RED SUCKER LAKE, Man. Drill core from the Monument Bay project, in the northeast corner of the province, has assayed up to 180 g/t Au over 1 m in hole 03-105. BEMA GOLD is earning a 70% interest in this joint venture with WOLFDEN RESOURCES.

A total of 12 holes have been drilled and results have been received from eight holes. Bema says the results have identified a new mineralized horizon, called C zone, in the Twin Lakes West zone. This ore shoot has a strike length of 170 m and a vertical extent from 50 m to 130 m, and is open at depth. Bema is adding a third drill rig at the project.

Previous drilling on the Monument Bay property uncovered a high-grade resource of 300,000 oz Au with an average grade of 18.5 g/t.

Bema has earned a 51% interest in the project. It is exercising its option for an additional 19% by spending an additional $3 million at Monument Bay.

For more information and the remaining drill results contact Bema’s investor relations department at 604-681-8371 or visit www.bema.com. Details of the Monument Bay project are available at www.wolfdenresources.com.


Print this page

Related Posts



Have your say:

Your email address will not be published. Required fields are marked *

*