JAMES BAY, Que. The first, tentative estimates of the resource of the Orfee gold zone have been released. The zone appears to have a measured resource of 88,588 tonnes grading 9.44 g/t Au and an inferred resource of 114,895 tonnes at 18.40 g/t Au. Combined, this represents nearly 95,000 contained ounces. The estimates are based on surface and drilling results completed by the end of March 2003, using a minimum width of 3 m and a cut-off level of 90 g/t Au.
The Orfee zone is located at the Poste Lemoyne project, a 50-50 joint venture of VIRGINIA GOLD MINES and GLOBESTAR MINING. Virginia, the operator, says the mineralized zone has been traced along a length of 50 m, a width of 3-9 m, and a depth of 250 m, and it remains open at depth.
Contact Virginia president Andr Gaumond or VP exploration Paul Archer at 800-476-1853 or send e-mail to [email protected]