A recent drill program by Fort Knox Gold Resources (TSE) has intersected additional sulphide mineralization at the company’s base metal property in Ontario’s Fawcett Twp.
In one program, two short holes were drilled to evaluate whether the copper-nickel deposit, discovered in 1991, continues to the surface. Only one previous hole was near enough to the bedrock-overburden interface to test this theory.
Hole SG-2-94 intersected 0.7% nickel and 0.42% copper over 139.1 ft. from 129 to 268.1 ft., including 2.06% nickel and 1.07% copper over 24.1 ft. from 244 to 268.1 ft.
The second hole, SG-3-94, cut 1.16% nickel and 0.47% copper over 53.8 ft. from 332 to 385.8 ft., including 1.72% nickel and 0.72% copper over 21.6 ft. from 364.2 to 385.8 ft.
These holes confirm that the deposit continues to surface where it may be amenable to open-pit mining. Further drilling, now in progress, is outlining the surface extent of the mineralization.
In a second program, three holes, drilled to explore new targets, all encountered sulphide mineralization.
Hole SG-1-94, drilled in an untested portion of the property, intersected a 56-ft., pyritized, felsic pyroclastic unit containing anomalous copper, lead and zinc. This area will be subjected to an induced-polarization survey later this month.
Inco (TSE) holds an approximate 40% interest in Fort Knox Gold Resources.
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