Toronto-based Agassiz Resources, has released some encouraging drill results from its Lingman Lake joint venture gold property near the Manitoba/Ontario border.
As operator of the project which is owned by Twin Gold Mines, Agassiz is now approximately half- way through a 60,000-ft drill program to determine whether the partners should dewater a 400-ft mine shaft on the property.
Agassiz has a 62% controlling interest in Alberta-listed Twin Gold.
Previous drilling has already outlined approximately 1.4 million tons of proven, probable and possible material averaging 0.26 oz gold per ton.
Of the latest results, Agassiz says results from hole S-16 are from a previously unexplored area to the east of the shaft. Hole S-16 intersected a 29-ft section averaging 0.219 oz and an 8.9 ft cut grading 0.108 oz.
According to Agassiz, other results include Hole S-11 which intersected 11 ft of 0.307 oz and 11 ft of 0.223 oz. Hole S-15 also cut a 10.7-ft section which averaged 0.253 oz. The same hole produced 8 ft of 0.347 oz, Agassiz says.
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