The Goodchild Lake property, 15 km northeast of Marathon, Ont., bears gold, according to the latest drilling results. Joint venture partners JONPOL EXPLORATIONS and SAXONY EXPLORATIONS reported their findings this week.
Three holes tested the Luck zone to a depth of 50 m over a length of 100 m. They returned 1.29 g/t Au over 1.0 m; 2.88 g/t over 1.14 m; and 0.26 g/t over 3.16 m. This is a shear fracture zone striking north-south for at least 1.1 km within the Beggs Lake stock. Induced polarization surveys have found pyritized syenite and auriferous shears in the zone.
The UGM zone was also drilled, revealing fractured monzonite with pyrite, quartz veins and buff-carbonate alteration with unaltered monzonite below it. Drill core from the altered monzonite assays 3.6 g/t Au over 0.42 m; that from silicified sections below assays 1.80 g/t over 0.2 m and 2.54 g/t over 1.0 m.
The next phase of drilling at Goodchild Lake will test the massive Cu-Zn-precious metal sulphide potential of the IP conductive zone and similar zones. Speak with Jonpol secretary-treasurer Donald T. Rankin at 416-826-6556 for more details.