A drilling program to follow up on earlier exploration work is planned by Calgary-based Kapalua Gold Mines on its Briscoe-Bryce gold property in northeastern Ontario.
President A. David Birkett reports the proposed drilling program will undercut previously drilled core to a depth of 700-800 ft. The property, comprising about 1,400 acres, is located about 30 miles south of Kirkland Lake in the Larder Lake mining division.
Earlier drilling was performed on the property prior to Kapalua, incorporated in 1983, becoming a public company this year. (The company, listed on the Alberta Stock Exchange, has issued 3,499,000 common shares and has reserved for issuance 666,824 shares.) Birkett reports about 10,000 ft of drilling along the property’s No 1 vein defined a strike length of 2,800 ft.
Based on work to date, he says potential grades of 0.2 oz gold per ton over a 5-ft width are indicated. The vein zone is open and unexplored laterally and at depth. Better results include 1.34 oz over 1 ft, 0.8 oz over 1.2 ft, 0.73 oz over 1.6 ft and 0.51 oz over 2.6 ft.
In addition to its mining interests, Kapalua is planning to diversify into oil and gas exploration.
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