Common wisdom holds that the best place to find a gold mine is near another gold mine. With that thought in mind, the drills are turning across the country.
The Midwest Zone at the former QR mine near Quesnel, B.C., is expanding, says CROSS LAKE MINERALS, which bought 100% of the project from KINROSS GOLD. Cross Lake hopes to restart production and is encouraged that all four of its recent drillholes encountered significant gold values. Detailed results are posted at www.CrossLakeMinerals.com.
EXALL RESOURCES and SOUTHERN STAR RESOURCES have completed the winter drilling program on the Western Discovery zone of the former Gold Eagle mine near Red Lake, Ont. See www.exall.com for the results. Southern Star has an option to earn a 50% interest in the mine by completing $2 million in exploration work as well as making cash and share option payments to Exall by Dec. 31, 2005.
A 3,100-metre drill program at the Black Bear gold property, also in the Red Lake camp, has intersected two new mineralized zones, says owner METALCORP. The first occurrence assayed 14.9 g/t Au over 0.30 metre. The second occurrence assayed 1.73 g/t over 1.22 metres in a shear zone. GOLDCORP can earn an initial 50% interest in the property by spending $1.8 million on exploration and making cash payments to MetalCorp totalling $120,000 over four years. More news is posted at www.metalcorp.ca.
AURIZON MINES has made more new discoveries near the former Casa Berardi East mine in Quebec. One hole 1,000 metres west of the mine assayed 7.8 g/t Au (uncut) over 6.0 metres. Another hole 500 metres east of the mine returned 10.8 g/t (uncut) over 5.2 metres. The complete press release and a sketch indicating the location of the drillholes can be found at www.aurizon.com.
Also in Quebec, QUEENSTON MINING has results from its 4,600-metre program on the Pandora property in Cadillac Township. The Pandora property contains five gold zones, three of which were previously calculated to have inferred resources of 2.3 million tonnes averaging 4.6 g/t Au. The press release with detailed core assays is posted at www.queenston.ca. Queenston also announced that it has signed a confidentiality agreement with AGNICO-EAGLE MINES, which is reviewing Queenston’s technical data for a potential joint venture. The Pandora property is adjacent to Agnico-Eagle’s promising Lapa discovery.