Dumont drills Cane Springs

A three-hole drilling program at the Cane Springs gold project in western Utah, about 100 miles southwest of Salt Lake City, has turned up altered shear zones along strike from previously known mineralization.

Dumont Nickel (DNI-V) has been drilling on the Cane Springs property as part of a joint venture with Clifton Mining (CFTN-O) and private Woodman Mining. The three vertical holes, for a total of 1,200 ft. of drilling, tested projections of the Cane Springs structures, finding sheared carbonate rocks that in places were thermally metamorphosed. The sheared and altered zones carried disseminated and stringer-like pyrite, chalcopyrite and arsenopyrite, and were also locally brecciated and silicified. Assay results are pending.

The visual appearance of the core matches known characteristics of the Cane Springs mineralization, which was mainly gold with some silver credits, hosted in siliceous breccias in skarns and metamorphosed carbonates.

Dumont has also staked claims and applied for leases to enlarge the property to 15.5 sq. mi.

The terms of the joint venture give Dumont the option to earn a 50% interest in the property. A five-year work commitment starts at US$150,000 in the first year and rises to US$250,000 by the final year. A separate US$400,000 work commitment applies to the 580-acre Cane Springs mine property.