A new preliminary reserve estimate of 643,000 tons grading 0.29 oz. gold per ton for the West zone of the Douay joint venture gold project in northwestern Quebec has been announced by Inco (TSE) and Societe d’Exploration Miniere Vior (ME).
The tonnage is based on 66 drill holes and a cutoff grade of 0.087 oz. Inco, with a 53% interest, is the operator (through its unit, Inco Exploration and Technical Services) of the project northeast of Joutel.
The Main zone of the Douay Twp. project, situated in the centre of the property, hosts an estimated 243,000 tons grading 0.28 oz.
The companies said the mineralization of the West zone remains open at depth and has been defined along a strike length of 1,400 ft. and to 1,400 ft. below surface.
The project was expanded this year to include claims to the north owned by Northern Abitibi Mining (ASE). Inco and Vior may earn a combined 50% interest in the Northern Abitibi property by spending $1.5 million on exploration during a 4-year period.
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