Vancouver — Partners StrataGold (SGV-V) and Northgate Exploration (NXG-T) continue to cut low grade gold mineralization on the Hyland property some 70 km northeast of Watson Lake in the Yukon.
The latest results from a recently completed 2,417 metre program have extended the previously known quartz sulphide mineralization 400 metres to the south and 100 metres to the north.
Hole 9 cut 0.98 gram gold and 5.3 grams silver per tonne over 12.3 metres, while hole 12 returned 1.57 grams gold and 43.76 grams silver over 9.8 metres.
Holes 5 through 7 tested the Main zone some 450-to-930 metres along stike to the north. Previous holes returned up to up to 33.6 metres grading 0.9 gram gold. The latest holes returned 0.3 gram gold to 0.6 gram gold over 1-to-3 metre intervals.
Mineralization appears to be hosted in the core of an over-turned east verging antiformal fold structure. The zone is marked by intense silicification and silica replacement of phyllites and quartzites with up to 20% pyrite – arsenopyrite with lesser amounts of chalcopyrite, sphalerite, bismuthinite and minor tetrahedrite.
So far, drilling has confirmed that the oxide and sulphide gold mineralization extends for a 2 km strike length of the anticlinal structure.
Northgate can earn a 51% stake in the property by spending $5 million over four years and paying $210,000. The copper-gold producer can then pick up another 9% interest by completing a feasibility study.
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