RED LAKE, Ont. FRONTEER DEVELOPMENT GROUP and RED LAKE RESOURCES have begun a 2,000-2,500-m drill program on two gold properties in the Red Lake/Birch Uchi Belt. Surface exploration last year was "extremely encouraging", according to Red Lake.
The first property is called Mink and covers a newly discovered, 4-km-long D2-type gold trend. Zones of veining occur over widths of at least 30 m with individual veins up to 2-m wide. There are at least four mineralized zones, one of which (the Loydex zone) returned 33.3 g/t Au over 1.53 m when it was drilled in 1987 by Goldfields. Saw-cut channel samples from another (the Finn zone) returned gold values as high as 104 g/t.
The second property is the Swain Sol d'Or, and contains targets along a 2.3-km-long D2-type gold trend. Rocks in this area are intensely silicified and associated with arsenopyrite and pyrite, as are those of the two high-grade gold mines in the area (the Campbell and Red Lake mines). The trend under investigation is localized within a major deformation zone that developed along the regional unconformity separating the Balmer Assemblage from the overlying Confederation Assemblage. Drilling will concentrate on two showings that yielded gold-bearing grab samples.
Red Lake Resources can earn a 50% interest in the Mink and Swain Sol d'Or properties. Visit www.redlakeresources.com and click on Properties to see maps of the greenstone belt under investigation.
Fronteer has recently created a strategic alliance with Altius Minerals to evaluate and explore central Labrador for iron-oxide copper-gold deposits. Details are available by contacting Mark O'Dea at 604-632-4677 or [email protected]