Exploration below the 1,000-ft. level at the Casa Berardi East mine near La Sarre, Que., continues to produce encouraging results for partners TVX Gold (TSE) and Golden Knight Resources (TSE).
Golden Knight, which holds a 40% project interest, says a $2.4-million program designed to extend known mineralization below 1,000 ft. indicates that the main zone continues down to at least the 1,650-ft. level. TVX holds the other 60% at Casa Berardi where most of the holes drilled below 1,000 ft. have encountered economic grades of mineralization.
The latest results from a 50,000-ft. program include 41.3 ft. of grade 1.09 oz. gold per ton (including 9.8 ft. of 3.96 oz.) at a depth of 1,410 ft.
A second hole intersected 22 ft. of grade 0.91 oz. at 1,600 ft.
“In addition to the main zone, a smaller, hangingwall vein was intersected,” said Gary Jones, assistant vice-president of operations. One hole averaged 0.77 oz. over 8.5 ft., he said.
By June 15, the joint venture had completed six holes and drilling continues to further outline the mineralization on strike and at depth. Crews, which are currently drilling from stations spaced about 150 ft. apart, are expected to complete this exploration phase early next year.
“You always say mineralization continues below a certain level, but now we know it does,” said Stephen Sopher, executive vice-president at TVX Gold.
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