A second phase of exploration is being planned by Goldhunter Explorations at the company’s Federal Kirkland property, near Kirkland Lake, Ont. Financing for the program will be by way of a flow- through share offering being arranged by the company.
Stripping east of the shaft has encountered gold values in parallel fractures cutting a conglomerate. A majority of the assays from the zone exceeded 0.1 oz gold per ton, with several grading 0.3 oz across 3 ft.
To the west, an oreshoot has been sampled which returned grades of 0.25 oz gold across 5 ft. Goldhunter feels that the initial exploration results suggest the potential for a large tonnage, low grade deposit, portions of which could be accessed by the existing 740-ft shaft on site.
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