Montauban drilling hits gold

Drill results from the Montauban property, 50 km northeast of Trois-Rivieres, Que., indicate the potential for gold mineralization in a new zone near the former gold mine.

Mirabel Resources (RMB-M) reports that six shallow drill holes intersected gold and silver mineralization over core lengths of 1-26 metres. Gold grades were mainly in the 1-to-5-gram range, and silver grades ranged from a few grams to 36 grams.

The best intersection occurred in hole ZN01-02, where a 3-metre interval graded 10.6 grams gold and 29.1 grams silver per tonne. A 5-metre intersection in hole ZN01-01 graded 3.8 grams gold and 36 grams silver.

The old Montauban mine, operated by Muscocho Exploration between 1983 and 1990, produced about 90,000 oz. gold and 320,000 oz. silver. Mirabel’s exploration target is a previously untested 1.5-km structure on the same property.

Mirabel holds 55 claims and holds a further 28 under option from South Malartic Exploration (MSU-M). The company must spend $600,000 on exploration by the end of 2001.