Consolidated Professor Mines reports early results from drilling at its Duport gold property at Shoal Lake, Ont., include some “excellent” intersections from deep surface holes.
The holes, the company says, were drilled to the north of the main zone ore reserve area to test the potential of the mineralized structures at greater depths than any previous drill intersections.
According to G. R. Cunningham-Dunlop, president, preliminary underground drilling has outlined a particularly high grade section of the East zone, previously intersected by the access decline in 1984.
He said the advanced underground and surface project, undertaken on the property in October last year, is designed to establish by closely-spaced underground drilling “a high level of confidence” in the gold grade and continuity of a reserve of about 600,000 tons, which may be considered a mineable reserve enough to sustain initial production at a rate of 140,000 tons of ore per year.
Mr Cunningham-Dunlop said an additional 1,000,000 tons has been drill-indicated over the 3,100-ft length of the main deposits, to an average depth of 800 ft, which are classified as probable, possible and inferred geological reserves.
He said to supplement detailed underground work, surface drilling is testing the northern extension of the main zone to a depth of 1,500 ft, and filling in shallow areas inaccessible to the underground drills.
A total of 64,000 ft of drilling will be completed, including 25 holes from surface, 178 from underground.
Scheduled for completion in June of this year, and funded by Conwest Exploration, the cost of the entire program is estimated at $5.17 million.
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