Latest exploration results from the Fontana property near Amos, Que., held jointly by Bay Resources & Services (75%) and Jilbey Industries (25%), indicate an expanding ore situation, which looks even larger than was indicated last spring.
As project operator, Bay reports a 10,000-ton bulk sample from the Fontana Shear will be taken this November and consideration is being given to going underground via an existing 275-ft shaft which would have to be dewatered.
Two stations were established underground when the shaft was driven but no development work was done.
“Underground work is the least of my worries right now,” says Bay President Jean DePattie. “There is enough on surface to keep us busy for a while.”
Mineralized rock from the 10,000-ton surface sample may be processed at Cambior Inc.’s Yvan Vezina mill located in Destor, Que. Although no agreement had been reached at presstime, negotiations were well under way, according to Cambior’s vice-president exploration Jean Boissonnault.
The milling would be done to confirm grades of 0.219 oz gold per ton, indicated in work performed on the property so far. But as Mr DePattie points out, bulk sampling done on the property so far has been much better than drilling results.
The steeply-dipping Fontana Shear continues to a depth of at least 600 ft. Previous results, obtained this spring, indicated the pinching and swelling zone, which averages 5.9 ft in width, extends to a depth of just 300 ft.
Two holes have now hit the zone at a depth of 600 ft, indicating good down-dip potential. The gold occurs in a quartz veining system in a carbonatized granodiorite that has been sheared and mineralized with sulphides, according to Bay. Assays are erratic but consistent.
Gold also occurs in four other structures on the property.
The Lot 14 vein, located on the western part of the property, outcrops for a distance of a few hundred feet. Hole 65-46, located along the structure, 1,200 ft southeast of the surface exposures returned assays of 0.642 oz across 8.75 ft.
Another hole, 65-46, returned 0.3 grades across 3.3 ft.
The joint venture partners are considering driving a ramp and drifting on the zone to obtain a bulk sample.
The Bunkhouse vein, sampled last year by Jilbey, will be re- sampled this fall.
Bay and Jilbey are both listed in Alberta, trading this week at about $4.30 and $4.00 respectively. Jilbey has applied for listing on the Montreal exchange.
Latest exploration results from the Fontana property near Amos, Que, held jointly by Bay Resources & Services (75%) and Jilbey Industries (25%), indicate an expanding ore situation, which looks even larger than was indicated last spring.
As project operator, Bay reports a 10,000-ton bulk sample from the Fontana Shear will be taken this November and consideration is being given to going underground via an existing 275-ft shaft which would have to be de-watered.
Two stations were established underground when the shaft was driven but no development work was done.
“Underground work is the least of my worries right now,” says Bay President Jean DePattie. “There is enough on surface to keep us busy for a while.”
Mineralized rock from the 10,000-ton surface sample may be processed at Cambior Inc’s Yvan Vezina mill located in Destor, Que. Although no agreement had been reached at presstime, negotiations were well underway, according to Cambior’s vice president of exploration Jean Boissonnault.
The milling would be done to confirm grades of 0.219 oz gold per ton, indicated in work performed on the property so far. But as Mr DePattie points out, bulk sampling done on the property so far has been much better than drilling results.
The steeply-dipping Fontana Shear continues to a depth of at least 600 ft. Previous results, obtained this spring, indicated the pinching and swelling zone, which averages 5.9 ft in width, extends to a depth of just 300 ft.
Two holes have now hit the zone at a depth of 600 ft, indicating good down-dip potential. The gold occurs in a quartz veining system in a carbonatized granodiorite that has been sheared and mineralized with sulphides, according to Bay. Assays are erratic but consistent.
Gold also occurs in four other structures on the property.
The Lot 14 vein, located on the western part of the property, outcrops for a distance of a few hundred feet. Hole 65-46, located along the structure, 1,200 ft southeast of the surface exposures returned assays of 0.642 oz gold per ton across 8.75 ft.
Another hole, 65-46, returned 0.3 grades across 3.3 ft.
The joint venture partners are considering driving a ramp and drifting on the zone to obtain a bulk sample.
The Bunkhouse vein, sampled last year by Jilbey, will be re- sampled this fall.
Bay and Jilbey are both listed in Alberta, trading this week at about $4.30 and $4.00 respectively. Jilbey has applied for listing on the Montreal exchange.
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