A 1,000-metre drilling program by equal partners Avalon Ventures (AVL-V) and Starcore Resources (SOE-V) has defined depth extensions to platinum group element mineralization in the previously identified Main, Poplar and Stonefish Lake zones on the Legris Lake polymetallic project near Thunder Bay, Ont.
The latest drilling cut several stacked mineralized zones ranging from 7 to 13 metres in width. The zones are similar in appearance to those cut during the 2000 drilling program. Assay results for the six new holes are expected over the next two weeks.
The holes aimed to test for down-dip extensions to the northwest (opposite to the partners original assumption), which would leave the zones open at depth.
Two holes collared on the Poplar zone confirmed the northwest dip with both holes cutting mineralization visually similar to the Poplar zone about 60 metres down-dip. Hole L00-14 cut an estimated true width of 7.5 metres of mineralization to a depth of 13.25 metres below surface. Hole L01-16 intersected another apparently distinct mineralized zone comprising a 7-metre section running up to 15% disseminated and net-textured pyrite, pyrrhotite and chalcopyrite.
On the Main zone, hole L01-15 encountered 7.1 metres of disseminated pyrite and chalcopyrite 60 metres down-dip from previous intersections.
Hole L01-13 at the Stonefish Lake zone extended mineralization 35 metres down-dip. The hole returned a 12.2-metre interval of 1-2% sulphide mineralization.
Some 1.8 km east of the Main zone, hole L01-12, collared on an induced polarization chargeability anomaly associated with the Cross Zone, intersected a different style of mineralization. The hole yielded a 4-metre interval of 3-5% disseminated pyrite and chalcopyrite mineralization hosted by a pyroxenite breccia unit.
The partners plan a 2,500-metre follow-up diamond drilling program to further delineate the Poplar and Main zones and test other priority targets. Drilling will begin once all data from the current program has been compiled and interpreted.
The latest round of drilling was part of a $1-million exploration program at Legris Lake being funded by Placer Dome (PDG-T). Placer can earn a half-interest in the property by spending $4 million on exploration over four years. Placer can boost its stake to 60% by completing a bankable feasibility study.
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