Buoyed by results from the first two holes, Queenston Mining (QMI-T) and Franco-Nevada Mining (FN-T) have added a second drill to their Kirkland Lake gold project in northern Ontario.
The 50-50 partners have assembled the largest land package in the history of the gold camp — a total of 24,000 acres covering 17 miles of the Larder Lake Break. They also own a 500-700-ton-per-day gold milling complex. The current program of 18 holes totalling 35,000 ft. is aimed at testing the McBean and Anoki deposits, as well as the Esker and Biroco zones.
The initial holes are testing the downdip extension of the McBean gold deposit, which produced 48,513 oz. gold from an open pit in 1983-84. The new drilling is exploring below a previously outlined resource containing about 250,000 oz.
The first hole returned 43 ft. grading 0.1 oz. gold per ton from 1,436 to 1,470 ft., which includes 11.3 ft. of 0.21 oz. from 1,467.7 to 1,479 ft. The second returned 204.1 ft. of 0.05 oz. from 1,872.7 to 2,076.8 ft., which includes a 13.3-ft. interval of 0.12 oz., 53.6 ft. of 0.12 oz., 5.4 ft. of 0.44 oz., and 10.8 ft. of 0.38 oz.
Results are awaited from holes 3 and 4, which reportedly intersected similar zones of mineralization and contain visible gold. A fifth hole is being drilled.
The gold occurs in altered syenite and altered ultramafic rocks near the base of a 400-700-ft.-wide deformation/alteration zone associated with the Larder Lake Break.
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