Citadel finds high grade gold near old Parkhill mine shaft

A surface sampling program on McMurray Twp. claims near Citadel Gold Mines’ (TSE) Surlaga mill east of Wawa, Ont., is turning up some interesting results. The claims are held by Citabar Ltd. Partnership, a private company owned equally by Citadel and Bernard Sherman, Citadel’s chairman and major shareholder.

While collecting panel samples in an area southeast of the old Parkhill gold mine, exploration crews have uncovered a structure hosting quartz veins averaging 1.06 oz. gold per ton over 65 ft.

Assays from samples extracted from the structure, which has been traced on surface for a distance of over 135 ft., run as high as 3.8 oz.

Although the average grade of samples taken is 0.67 oz. (with values cut to 1 oz), President Linda Bloom reckons a lot of surface exploration has yet to be completed before the results can be tied in with other high-grade discoveries in McMurray Twp.

“People have been working in this area for more than 100 years, but all the data, compiled by previous exploration crews, didn’t end up on the maps,” said Bloom.

The 2-ft. wide vein structure is 400 ft. from the shaft of the Parkhill mine which produced 126,000 tons of grade 0.43 oz. in the 1930s. The vein is east of the abandoned mine workings and wasn’t exposed at surface before exploration began this year.

Citadel has also discovered another zone at the east end of the structure averaging 0.99 oz. over 20 ft. or 0.31 oz. (with values cut to 1 oz.).

Having planned to spend $400,000 on the Parkhill and nearby Dunraine properties this year, Citadel is continuing with exploration in McMurray Twp. “We will do as much work as we can before the snow flies,” said Bloom.