A 14-hole drill program by Virginia Gold Mines (VIA-T) and Cambior (CBJ-T) at their La Grande Sud property in the James Bay region of Quebec has outlined a new zone of gold mineralization.
The new mineralization, dubbed Zone 30, was found about 700 metres northeast of a previously defined deposit, Zone 32. The body is still open at depth and along strike to the northeast and southwest.
The mineralization consists of disseminations of pyrite and chalcopyrite mainly in a tonalite intrusions but also occurring in some cross-cutting mafic dykes. The gold mineralization comes with trace copper, which appears mainly to be on the fringes of the gold mineralization.
The discovery hole, LGS01-170, cut two mineralized intervals, one of 75.4 metres grading an average 1.7 grams gold per tonne with 0.18% copper, and another of 21 metres running 0.7 gram gold and 0.24% copper. The 75-metre interval included a 3-metre core length that graded 14.3 grams gold per tonne, with 0.05% copper.
The mineralization in Zone 30 is very similar to that of Zone 32, which is another disseminated body in the same host rock, showing the same gold-copper association. At Zone 32, the partners have delineated an inferred resource of 4.2 million tonnes grading 2.1 grams gold per tonne, with 0.2% copper.
A 3,800-metre drilling program is in the cards for the final quarter of the year, to test both Zone 30 and several other targets. Cambior is financing the work to earn a 50% interest; its obligation is to spend $5.5 million over an eight-year period ending in June 2007.
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