Battle Mountain Canada, a unit of Houston-based Battle Mountain Gold (NYSE), is planning to spend $1 million this year to follow up encouraging results from a group of claims near Kirkland Lake, Ont.
Battle Mountain is earning a 70% interest in the 334-claim property from Queenston Mining (TSE) by spending $5 million on exploration and making cash payments of $1.1 million by 1995.
Most of this summer’s 15,000 ft. drill program will focus on the 102 zone, a strongly altered, gold-bearing structure discovered in early 1990. Some of the best results from the zone include 0.31 oz. gold per ton over 8.9 ft. and 0.11 oz. over 13.1 ft.
Lying between the Kirkland Lake and Larder Lake breaks, the 102 zone has been traced by trenching for 1,700 ft. and by geophysics for 5,000 ft. About 8,000 ft. of the proposed drilling will test potential depth extensions.
“We’ve traced it over quite a length,” said Orval Leigh, exploration manager for Battle Mountain. “But it narrows where you get the better grades.”
The larger company will also test a subparallel structure north of the 102 zone and other gold teasers within the extensive claim group.
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