EXPLORATION ’87 GRANGES EXPLORATION

Granges has eight exploration projects on the go. On the east coast the company is doing grassroots work in a new, 2-sq-mi area called the Murphy option, which is tied to a major claim block of Noranda Inc. It is 210 miles northwest of St. John’s.

In the Mishibishu Lake area of Ontario, 45 miles southeast of Hemlo, Granges must spend $3 million by 1989 to earn a 50% interest in a 20,000-acre block that surrounds the gold deposit discovered by the Muscocho Explorations/Westfield Minerals joint venture. So far 70 holes have been drilled on the property. About 30 more are required for a proper evaluation. Gold occurs in quartz veining in a quartz-sericite schist mineralized with pyrite. Economic tonnages of 500,000-1,000,000 tons grading 0.25-0.4 oz gold per ton would justify an underground exploration program. The joint-venture partner is MacMillan Energy Corp. of Vancouver.

In Manitoba, Granges holds a 50-sq-mi tract of land at Alberts Lake, covering a geological environment similar to that of the Tartan Lake deposit, eight miles to the northwest. The Tartan Lake deposit will likely go into production this spring. The company estimates there are at least three years of drilling required to evaluate a number of gold showings at Alberts Lake. Three zones of gold mineralization have already been traced over a 1,400-ft strike length. Average widths are about 10 ft.

Another property, one mile from a rail siding, off the main rail line connecting Flin Flon and Snow Lake, is being drilled by Granges. The deepest intersection on this, the Morgan Lake property, was a 29.5-ft section at the 1,050-ft level that graded 0.355 oz gold and 1.87 oz silver per ton over a true width of 21 ft.

In B.C., Granges is working to earn a 60% interest in the 6,500-acre Windflower-Goldfinch property, 45 mi southeast of Revelstoke. The company plans to continue drilling with three drills to obtain enough information to make a decision to proceed with underground work. A gold-bearing vein structure has been traced for about 1,000 ft with widths of 6-10 ft. Widths of 20-33 ft have been encountered.