TIMMINS, Ontario Now that the results of the fall 2003 surface drill program are in, ST ANDREW GOLDFIELDS has decided to dewater and rehabilitate the shaft of the former Stock gold mine. This will allow underground drilling and development aimed at increasing the mine’s existing resources. The company plans to complete the $3-million program by September 2004.
The mine is hosted by a series of ultramafic and mafic volcanics, proximal to the prolific Porcupine-Destor Fault. The bulk of the gold was mined from two main ore shoots, N1 and N2, which consist of moderately plunging green carbonate alteration and/or porphyry zones that remain open down plunge.
St Andrew says that the Stock mine produced more than 137,000 oz of gold since 1989, including 12,276 oz in 2000, the last year it operated.
Keep abreast of the latest news from the Stock gold complex at www.standrewgoldfields.com.