GOLD EXPLORATION NEWS Strong Prices Propel Cross-Canada Hunt

A quick check of my inbox reveals that two-thirds of the exploration news this week concerns the hunt for gold. Fro...
A quick check of my inbox reveals that two-thirds of the exploration news this week concerns the hunt for gold. From British Columbia to Baffin Island to New Brunswick the drills are turning. What follows is a selection of the various programs.

FJORDLAND EXPLORATION of Vancouver reports a significant gold/copper porphyry-type mineralization at the Woodjam project in central British Columbia. Diamond drill hole 04-32 intersected 361.2 metres grading 0.84 g/t Au and 0.12% Cu. This is the deepest hole ever drilled on the property and, says Fjordland, it demonstrates the potential for extensive mineralization at depth. The company is encouraged enough with these results to have staked additional claims bringing the total size of the property to 4,550 hectares.

COMMANDER RESOURCES (also Vancouver-based) has been drilling the Qimmiq property on Baffin Island. Of the 20 holes completed, assays from nine on the Malrok zone have been received. Intersections included 15.12 g/t Au over 3.0 metres in hole MND-04-04 and 8.41 g/t Au over 4.23 metres in hole MND-04-05. Commander considers the tracing of near-surface high-grade gold mineralization to be a success. The summer field program of surveys, mapping and sampling has begun on the Ridge Lake and Triangle Lake prospects nearby.

VIRGINIA GOLD MINES of Quebec City reports that prospecting and hand stripping revealed a new mineralized outcrop at its Eleonore project in the Opinaca reservoir area of James Bay. Channel samples from the Roberto showing assayed 4.29 g/t Au over 12.0 metres, including 6.16 g/t Au over 5.0 metres, and 15.82 g/t Au over 3.0 metres. Grab samples turned up 10.22 g/t, 16.43 g/t and 80.70 g/t Au. Channel samples from a second outcrop returned 7.12 g/t Au over 2.0 metres.

PUMA EXPLORATION of Rimouski, Que., has completed its first drill program on the optimistically-named Big Pit gold property in northwest New Brunswick. The program consisted of four short holes to investigate the extension of surface gold mineralization, samples from which have returned values up to 10.7 g/t Au. The first hole contained the most promising values, notably 1.57 g/t Au over 2.0 metres, including a 0.8-metre-thick quartz vein which ran 3.28 g/t Au.

A second drilling program is planned at the Fayolle property owned by TYPHOON EXPLORATION of Laval, Que. Earlier program results appear to indicate an increase in the overall resources potential. Grades up to 16.11 g/t Au over 6.2 metres were intersected. The historic known potential is located over a relatively shallow depth of less than 250 metres from surface. Numerous gold deposits in the eastern Abitibi Greenstone Belt extend to depths well beyond 250 metres.

QUEENSTON MINING of Toronto has begun a third phase of diamond drilling on the Duquesne West gold property on the Destor-Porcupine Fault in northwestern Quebec. Three holes totaling 9,000 metres are planned for this phase. Two holes will target an area west of the Liz zone where the shear zone that hosts the gold mineralization remains untested. A third hole will follow-up the South 43 East zone, a new gold discovery intersected on the eastern portion of the property. Queenston says the Duquesne West property hosts 12 known gold zones, five of which contain an inferred mineral resource of 1.07 tonnes grading 7.2 g/t Au (using a cut-off grade of 4 g/t Au). Queenston holds the property under option from GLOBEX MINING ENTERPRISES of Rouyn-Noranda, Que.

Vancouver-based MIRAMAR MINING is encouraged by drill results from 24 holes at the Back River project, which includes the George and Goose Lake gold deposits, near the former Lupin mine in Nunavut. One promising hole, 04GSE018, returned 20.7 metres grading 12.4 g/t Au. The most spectacular result was 0.7 metre grading 212.8 g/t Au. Miramar is earning a 60% interest in the property from owner KINROSS GOLD.

Vancouver's BEMA GOLD and WOLFDEN RESOURCES of Thunder Bay, Ont., have discovered additional zones and high-grade intersects at their Monument Bay joint venture. The property is located 60 km northeast of Red Sucker Lake in Manitoba. Bema holds 70% of the project and is the operator. The winter drill program totaled 17,250 metres, and high-grade gold values were encountered throughout the property. Assays included 37.6 g/t Au over 1.9 metres, 37.75 g/t Au over 3.6 metres, and 42.54 g/t over 1.7 metres in the A zone. From the B zone, high-grade core returned 19.63 g/t Au over 5.4 metres, and the C zone returned 25.2 g/t Au over 1.6 metres. Drilling continues.

FRONTEER DEVELOPMENT GROUP of Vancouver has four diamond drilling programs on the go, one of which is the Dixie Lake gold project near Red Lake, Ont. The 2,500-metre program is testing the down-plunge extension of a newly-discovered high-grade gold shoot. Funding is provided by ALBERTA STAR. Fronteer's other drill programs are seeking gold and copper/gold mineralization in Western Turkey.


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