A first phase of drilling by Inmet Mining (TSE) is under way on the Tarp Lake gold project near Pickle Lake, Ont. The program is being funded by junior Avalon Ventures (VSE), which can earn a 49% interest by spending $1 million on exploration by March, 1998.
The drilling, which will consist of four or five holes totalling 1,000 metres, is aimed at testing a strong induced-polarization (IP) anomaly near a known gold zone in the Tarp Lake shear. Previous drilling in the known gold zone produced drill intersections of up to 0.211 oz. gold over 15 ft.
Two of the holes will test new IP anomalies along strike to the northeast.
Avalon recently added two Quebec massive sulphide prospects to its property portfolio. The company signed two separate agreements to acquire 47 contiguous claims covering about 1,800 acres in Denain Twp., east of Val d’Or.
Avalon President Donald Bubar, a geologist previously with Aur Resources, believes the Denain property has “excellent potential” for hosting a Louvicourt-type, high-grade, volcanogenic, copper-zinc-silver-gold massive sulphide deposit.
The property covers a sequence of altered felsic rocks containing several known copper and gold showings. In one showing of stringer chalcopyrite mineralization in chloritized rhyolites, limited shallow drilling to a maximum depth of 100 metres produced intersections assaying up to 1.32% copper over 10.3 metres.
This occurrence has not been tested at depth, and an airborne electro-magnetic conductor nearby remains unexplored. Compilation work will begin immediately, in preparation for a fall work program.
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