Drill results rejuvenate gold project

A 16,000-ft. drill program by Teck (TSE) is returning attention-grabbing gold values from the Thunder Lake West gold prospect near Dryden, Ont.

The first infill hole intersected 0.89 oz. gold per ton over a true thickness of 26.2 ft. This includes a high-grade section assaying 3.84 oz. gold over a true thickness of 6.2 ft. at the bottom of the intersection. The program is being funded by Continental Caretech (CDN), which can earn 50% by spending $1 million on exploration over three years. Continental President Peter Walker said the project was previously explored by Teck as a “Hemlo-type” model. The best hole of a previous program undertaken by Teck (approximately 40 holes) returned 19.7 ft. (true thickness) grading 0.43 oz. gold.

Results from the current program included four more infill holes on the same section and they continue to be positive. Hole 46 returned 12.1 ft. of 1.99 oz. gold at a vertical depth of 171 ft. Other true-thickness intersections are 15.1 ft. of 0.57 oz., 9.6 ft. of 0.96 oz. and 21.8 ft. of 0.62 oz. The program is continuing with two drills testing the horizon along strike and downdip. The high-grade zone is reported to lie within a 100-ft. envelope of quartz-sericite-schist.

Teck’s previous program was spaced at 300-ft. intervals along a strike length of 1,500 ft. and to a depth of about 1,200 ft.