A second deep drill hole has been completed at the Paymaster gold property at Timmins, Ont., partners Associated Porcupine Mines (TSE) and American Reserve Mining (ME) report.
The hole was drilled to a vertical depth of 6,175 ft, 150 ft below the bottom level of the former gold mine and 250 ft west of the first hole.
Four intersections were cut in the lower part of the hole in the 36-37 vein zone: 16 ft of 0.15 oz gold per ton, 11 ft of 0.24 oz, 25.5 ft of 0.24 oz (including 15 ft of 0.36 oz) and 23 ft with a cut grade of 0.35 oz (including 13 ft of 0.57 oz).
The companies report the last section mentioned contains 5 ft assaying more than 1 oz but it has been cut to 1 oz. The horizontal width of the intersections is about 80% of the core length.
The first hole (N.M., July 18/88) yielded three intersections: 9 ft of 0.22 oz, 19 ft of 0.31 oz and 18 ft of 0.38 oz. American Reserve, which is earning a 50% interest in the project, is financing the current exploration program.
Be the first to comment on "Assoc. Porcupine, Amer. Reserve drill second deep hole"