ONTARIO - NORTHGATE MINERALS of Vancouver expects to spend US$28 million next year at the former Young-Davidson gold mine near Matachewan. Planned work includes construction of an underground ramp, dewatering the existing No.3 shaft, and drilling for a pre-feasibility study.
The plans were revealed at the same time Northgate released the latest drilling results from the project. Hole 23 in the Lower YD zone intersected 31.1 m averaging 3.70 g/t Au, including 6.7 m of 7.14 g/t Au. Hole 21A in the Lower YD zone returned 3.66 g/t Au over 33.2 m including 9.8 m of 6.30 g/t Au. Hole 20C in the Lower Boundary zone returned 4.14 g/t Au over 36.7 m including 8.33 g/t Au over 8.4 m. Hole 16C in the Lower Boundary zone 3.26 g/t Au over 20.6 m including 5.8 m of 5.95 g/t Au.
Gold mineralization on the Young-Davidson property is present primarily in an intrusive syenite host rock dipping at approximately 70 to the south. The property was mined from 1934 to the mid-1950s. A brief history and an investor presentation are available at www.NorthgateMinerals.com.
Comments