Chesbar starts ramp extension

A 2,000-ft ramp extension program is under way at the Chester Twp. gold project in northern Ontario that will provide access to the 300-ft, 400-ft and 500-ft levels for underground exploration, Chesbar Resources reports.

Chesbar, the operator, has a 60% interest in the property, which is located near Gogama. Its joint- venture partner is Murgold Resources, which has a 40% interest.

Chesbar President J. T. Flanagan reports the current exploration program is budgeted at about $4.5 million and is scheduled for completion by mid-year, about the same time a production decision is expected to be made.

In addition to the ramp extension, a 20,000-ft underground drilling program is being launched to explore to a depth of 1,000 ft.

Flanagan reports the No 1 raise has been completed on No 3A vein, which was opened for a strike length of 396 ft averaging 0.44 oz gold per ton over 6.1 ft on the 200-ft level, where the raise originated.

Drifting was carried out along 193 ft on No 3B vein on the 150-ft level, with the grade averaging 0.18 oz over 4.2 ft. Drifting will be continued on this level; a new raise has been started at the extreme west end of the drift opened to date.

Flanagan says a new zone has been indicated by surface drilling in the southwest corner of the property, 2,500 ft from the ramp.