Patricia Mining (PAT-V) has hit high-grade gold at depth on the Island project, 125 km southeast of Hemlo, Ont.
Since mid-January, nine surface holes totalling 5,500 metres have been drilled. Seven holes intersected visible gold hosted by chlorite-quartz-tourmaline stringer and stockwork veining.
Highlights from the North Shear zone include an intersection grading 6.15 grams gold per tonne over 3.9 metres and, in another hole, 6.17 grams gold over 2.75 metres, which includes an interval of 0.6 metre grading 25.8 grams gold.
The zone is silicified, sericitized and pyritized and dips 75-80 to the north. Drilling is designed to intersect the North Shear zone along the north contact of the Webb Lake granodiorite sill and then cross the sill and adjacent felsic flows in order to intersect the Island-Lochalsh zone at depth.
Almost half of the assays have not been received. Two holes confirmed the continuity of the North Shear zone to a depth of 350 metres. Gold mineralization has been intersected over a strike length of 1,100 metres.
Gold was intersected at depth below the Lochalsh ramp and exploration drifts on the 120- and 140-metre levels. The Island-Lochalsh zone is a northeast-trending deformation zone within intercalated intermediate-to-felsic volcanics and diorite intrusives. The dip is 75-80 south. Gold is associated with quartz veins in an alteration envelope characterized by silica, sericite and pyrite. Results from the Island-Lochalsh zone indicate that the mineralization is present to a vertical depth of 450 metres.
Highlights from the Island zone are 7.07 grams gold over 4 metres and higher grades of 9.3 and 15.3 grams gold over 1-metre-intervals in the same hole, for a combined grade of 2.47 grams gold per tonne over 17.8 metres.
The results will be used to define the existing resource and assist with planning underground development. The property has an inferred resource of 2.03 million tonnes grading 8.3 grams gold, the bulk of which is within 250 metres of surface. There is a mill on-site.
Richmont Mines (RIC-T) has an option to earn a 55% interest in the property.
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