The three joint venture partners that control a portion of the Lamaque mine property, in Bourlamaque Twp., Que., are testing a new exploration strategy on the former gold producer. Beginning in mid-October, Teck (TSE), Tundra Gold Mines (VSE) and Golden Pond Resources (ME) will probe the property with a $100,000 geophysical survey designed to detect deep massive sulphide deposits. A large portion of the survey area is controlled 50% by Teck, 25% by Tundra Gold and 25% by Golden Pond. Control of the Rocdor Mines property, which will also be tested, is shared equally by Teck and Golden Pond.
The University of Toronto Electromagnetic (UTEM) survey, designed to detect massive sulphides to a depth of 1,500 ft., will cover an area about three miles long and two miles wide. Golden Pond believes the target area is an extension of the pyroclastic horizon that hosts Aur Resources’ (TSE) massive sulphide deposit 10 miles to the east.
Last year, a modest drill program to test a number of magnetic anomalies on the Lamaque property failed to return any significant results. The anomalies were thought to represent diorite intrusions similar to the gold ore-bearing main and No. 4 plugs.
Preliminary reserves on the Lamaque property stand at 1.74 million tons grading 0.2 oz. gold per ton.
According to Golden Hope, no base metal exploration has ever been conducted on the Rocdor Mines property.
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