J.A.G. reports new gold zone at Malartic bet

The latest drilling campaign of J.A.G Mines is under way on the Malartic property in northwestern Quebec and core logging has already indicated interesting results, the company reports.

A new gold zone was intersected about 260 ft south of the main zone delineated in 1985-86. Free gold with arsenopyrite was observed in the first two drill holes which cut through the new zone. The company reports preliminary lab tests for the first of the two holes indicate a grade of 0.39 oz gold per ton over 2.3 ft within a section grading 0.14 oz over 6.6 ft. Lateral continuity is suggested by the presence of a similar section 2,500 ft to the west grading 0.03 oz over 17.4 ft.

The main zone has been intersected in the first six holes drilled to date to explore its extensions: best grade obtained to date this year was 0.26 oz over 1.6 ft within a section grading 0.06 oz over 13.1 ft. Another hole encountered geochemically anomalous values over 71.5 ft, with the best interval grading 0.14 oz over 1.6 ft.

The company says that because tests showed last year the normal analytical procedure for samples with free gold tended to give results lower than the real concentrations, mineralized samples will be submitted to a second analysis more expensive but more representative of the grades of the core sampled.