ONTARIO - PLANET EXPLORATION of Calgary has pulled drill core from its project at Sidace Lake that assayed over 158.0 g/t Au over 0.5 metre (that's 4.61 opt for readers who want to impress their American friends). Another section assayed 132.7 g/t (3.9 opt) Au over 0.7 metre. The core came from the Upper Duck zone (UDZ) of the project that is a joint venture with GOLDCORP (40%).
The UDZ is a steeply dipping, tabular, silicate-sulphide-facies iron formation that is intensely mineralized with arsenopyrite. Numerous specks of finely disseminated visible gold were observed throughout both high-grade intersections. The UDZ has rapidly become a focus of concentrated drilling, said Planet in a press release, with the company is planning further drilling. Meanwhile, drilling continues at the Main discovery zone (MDZ).
The Sidace Lake property is located 25 km northeast of Goldcorp's Red Lake gold mine at Balmertown. Detailed drilling results are available at www.PlanetExploration.net.