An underground exploration program will be considered following the completion of a 30,000-ft drill program at the Hislop project held by partners Chevron Canada Resources, and Stroud Resources (TSE). Located 80 km east of Timmins, Ont., the property protects two mineralized zones which are on strike with the producing Ross gold mine located two km to the southeast.
A majority of the drilling will focus on expanding reserves in the Creek zone. An objective is 500,000 tons at a grade of 0.2 oz gold per ton, George Coburn, president of Stroud, explained to The Northern Miner. The partners hope to double the gold resource at the Creek zone from approximately 200,000 tons to the 500,000-ton level by extending the zone to a depth of 200 m from 100 m. This work is scheduled to be completed by June.
On the Main zone, results suggest the potential exists for an open pit mine. Overburden over the zone, which is on the same fault as the Creek zone, ranges up to 45 ft in thickness.
Some of the higher grading intersections from the Creek zone include a 6.6-ft section of core grading 5.92 oz.
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