Ongoing drilling at the Taylor gold property in the Matheson area of northeastern Ontario has returned favorable results for owner St Andrew Goldfields (SAS-T).
Twelve of 14 infill holes drilled at the West Porphyry zone intersected at least one zone of mineralization, with several intersecting two or more. The best hole, SAT-179, returned 4.5 metres (444-448.5 metres) grading 11.4 grams gold per tonne, 4.8 metres (462.8-467.6 metres) grading 35.1 grams gold and 1.1 metres (481.6-482.7 metres) grading 2.6 grams gold.
Other reported results ranged from 2.3 grams over 1 metre to 18.3 grams over 1.5 metres. The widest gold-bearing intercept was 9.9 metres and averaged 3.6 grams, whereas the shortest was 0.7 metre averaging 4.6 grams.
St Andrew also wedged four holes off previously drilled holes SAT-30 and 112 to test the continuity of high-grade shoots intersected in those holes. Gold values varied from 2.7 grams over 0.7 metre to 24 grams over 11.8 metres, with the latter interval including 39.5 grams over 2.9 metres and 41.6 grams over 3.9 metres.
Although drilling is continuing, St Andrew is confident that results received to date verify the zone’s mineralization. Accordingly, it is carrying out a tonnage and grade calculation, which it expects to complete shortly. Consulting firm Roscoe Postle Associates is overseeing the work.
As well, metallurgical and rock-mechanic studies are showing promising results. The tests indicated that gold recovery of between 95% and 98% can be expected, while the rock-mechanic tests show that both the hangingwall and footwall rocks are competent. St Andrew will start an underground development program in the fall, pending the successful closing of a financing. The company estimates that it will cost $30 million to advance the Taylor project to production and looks to spend $10 million of that total by year-end.
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