QUEBEC – Globex Mining Enterprises of Rouyn-Noranda, QC, and joint venture partner Queenston Mining of Toronto have updated the results from the 5,601-metre drill program at their Wood-Pandora property near Cadillac.
The best assays came from core drilled about 500 metres below the surface in hole W12-99B – 41.0 metres at 3.81 g/t Au in the Cadillac Group. The drill core included a 10.9 metres at 3.84 g/t Au. The same hole returned 9.1 metres grading 12.60 g/t Au including a 4.2-metre section at 32.25 g/t.
The Wood-Pandora property straddles the Cadillac Break and is near the LaRonde and Lapa mines operated by Agnico-Eagle Mines. On the joint venture property there are historic inferred mineral resources of 1.43 million tonnes grading 5.3 g/t Au in two deposits, Wood and Central Cadillac. In 2008, the joint venture announced a NI 43-101 inferred mineral resource on a new gold discovery, the Ironwood zone, amounting to 243,200 tonnes grading 17.3 g/t Au.
Globex and Queenston noted that only a small number of widely spaced holes have been drilled below a depth of 300 metres and over a limited strike length. However, properties to the east and west of Wood-Pandora have intersected economic mineralization to depths of 1,500 metres.
More information about the Wood-Pandora project is available at both Queenston.ca and GlobexMining.com.