ONTARIO There are still huge grades to be found in the Red Lake gold camp. GOLD CANYON RESOURCES of Vancouver has received drill core assays as high as 30.8 and 45.8 opt (yes, ounces) Au from its Springpole project 75 miles east of the town. Admittedly, the sections were short (nine and three inches respectively), but the grades set new benchmarks for the word “bonanza”.
The high grades came from Hole BL-319, which tested 3.173 opt Au from 85.5 ft to 105.1 ft. Partial results from other holes are returning grades from 0.1 to nearly 0.3 opt Au.
Gold Canyon has outlined a 20,000-ft core drilling program for this winter on the property. Work will focus on the Core area to delineate the high-grade material and formulate a resource estimate. The company has budgeted $2.1 million for the program.
The first Springpole claims were staked in 1933, and since that time the area has passed through many hands including Noranda, which calculated a resource of 27 million tons at 0.035 opt Au in 1991. Gold Canyon was originally a joint venture partner with Santa Fe Pacific Gold, but upped its interest in Springpole to 100% in the mid-1990s. Detailed drill core assays and more information on the project can be found at www.gcu-vse.com.