A 30,000-ft drill program is in progress on the Iris gold property held by partners Perrex Resources (ASE) and The Alberta Gold Exploration Corp (ASE). Located in the Harker-Holloway area east of Matheson, Ont., the Iris project hosts several gold mineralized zones. The most important is the P zone which has a mineral inventory of 348,393 tons grading 0.09 oz gold per ton. At least 5,000 ft of the current drill program will test the P zone, Perrex says.
Additional drilling will also examine the B zone, where previous drilling intersected 13.5 ft assaying 0.2 oz. A hole spotted 200 ft to the east intersected 16.7 ft grading 0.11 oz.
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