Vancouver-listed Golden Hat Resources recently completed a limited drill program at the Dunkin property in the Narrow Lake area, 45 miles northeast of Red Lake, Ont., the company said recently.
According to Golden Hat, five short holes ranging from 100 ft to 150 ft were designed to test two vein systems that returned encouraging values during a surface sampling program.
Chip sampling of the No 1 Copper zone assayed at 0.20 oz and 0.28 oz gold per ton over 10 ft and 15 ft respectively while grab samples from the No 1 shaft vein assayed up to 1.64 oz.
“Over-all the drill results were negative with only minor values returned,” said President Dumont Buceck. Holes DK-87-1 and -2 were drilled on the No 2 Copper zone. Drill hole DK-87-1 intersected a wide zone of shearing and quartz veining with pyrite, assaying up to 0.04 oz over 4 ft.
Hole DK-87-3 and -4 were drilled on the No 1 shaft vein located 1,000 ft west of the No 2 copper zone. Both holes intersected narrow shear zones with assays up to 0.06 oz over 2 ft.
Buceck says the drill results did not confirm the indicated surface values and point to the discontinuous nature of the mineralization structure within the Dunkin structure.
No further drilling is planned for this property, Buceck says.
Be the first to comment on "Disappointing results at Golden Hat prospect"