Bakra pulls good result from Sannorm gold project

The intersection was encountered by the Vancouver-based company in the fifth hole of a 14-hole fill in drilling program and included 31 ft of grade 0.32 oz at a depth of around 400 ft from surface.

Located beside the old San Antonio mine, now known as the Bissett project, where Rea Gold Corp. (TSE) is reviewing a feasibility study before acquiring the mine and mill, the 1,500-acre Sannorm project is part of a large land package controlled by the Vancouver-based Homestead group of companies.

Bakra is earning a 50% interest in Sannorm from privately-owned affiliate Orenda Resources and has spent about $150,000 so far. Both companies are part of the Homestead group.

Drilling on Sannorm’s B zone during the 1940s suggested to Bakra that sporadic gold mineralization exists along a large tabular structure hosting the same lithology as the San Antonio mine. Bakra hasn’t yet completed enough drilling to make any reserve estimates but it has succeeded in outlining three zones which are close to surface.

According to project geologist David Busch, the 61-ft intersection was encountered in hole SN-88-13 which tested a low-grade envelope surrounding the core of the A zone.

“It is really the first new discovery in the belt in nearly 40 years,” said Busch who expects the true width of the intersection to approach 25 ft. Values as high as 0.14 oz and 0.15 oz have been encountered before but this is the first time that anyone has come up with something in the economic range, Busch told The Northern Miner.

“The widths suggest that the A zone could be open pittable,” said Busch.

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