Canadian Mining Journal

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GOLD EXPLORATION NEWS Monument Bay Resource Continues to Grow

RED SUCKER LAKE, Manitoba Don't let the name of the closest community scare you off. Resources at the Monument Ba...


RED SUCKER LAKE, Manitoba Don’t let the name of the closest community scare you off. Resources at the Monument Bay project keep growingover 400,000 oz of gold by the most recent estimate. The property belonging to WOLFDEN RESOURCES is being explored by BEMA GOLD, which can earn a 70% interest.

Bema released its new estimate of inferred resources, 637,377 tonnes grading 20.4 g/t Au, on Aug. 7. The latest figure is 30% larger than earlier assumptions due to results from the newly drilled Twin Lakes West zone. The resource was calculated using 50 meter radius polygons on an inclined two-dimensional long-section with a cut off grade of 8 g/t Au and a minimum true width of 1.0 m. High gold assays were cut to 100 g/t.
Work is continuing.

The geology underlying the Monument Bay project area consists of an overturned homoclinal sequence of interfingered volcanic and sedimentary rocks, striking at 80 to 100 and dipping to the north at 70 to 90. Within these units, mineralization is hosted in silicified and sericitized sections of the Monument Bay shear zone, a deformation zone that has been traced with strike length of over 30 km.

Learn more at www.bema.com or www.wolfdenresources.com. Wolfden’s home page has some extraordinary photographs from various exploration camps.


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