Three raises being driven from the 200-ft level in the West zone at the Magino joint venture gold project in northern Ontario are returning some high gold values, project manager Muscocho Explorations reports.
Muscocho is a partner with McNellen Resources (each firm has a 50% interest) on the project, located in the Goudreau area, north of Wawa.
Visible gold has been encountered in the first two rounds in the 2,475 raise. In the second round, the 2-ft-wide vein assayed 2.4 oz gold per ton.
In the 2,575 raise, the first round assayed 0.54 oz over 2 ft, while the second round ran 3.05 oz over 2 ft or 1.02 oz over 6 ft.
And, visible gold has been observed in the 2,386 raise in the first two rounds; assays are awaited.
More than half of the $7-million 1987 surface and underground exploration program has been carried out, Muscocho reports. The full program should be complete by mid-year, when plans will be finalized regarding putting the project into production, the company reports.
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