Fort Knox is encouraged by Inco drill results

Fort Knox Gold Resources says encouraging results have been received from drilling by Inco Ltd. on the Crow Lake property, southeast of Kenora, Ont.

Inco drilled a total of 2,845 m in 16 holes on the property and, Fort Knox says, the results reveal a gold zone extending over a 1,400-m strike length,

Several of the drill holes, it adds, have multiple gold horizons, and gold-bearing surface trenches overlie the drill-hole intersections. The zone appears open east and west along strike.

Inco is reviewing the engineering data on the gold zone, in preparation for a current-year work program, it advises.

On Fort Knox’s Pettigrew mine project, northwest of Atikokan, Ont., Inco has also completed a 5-hole drill program totalling about 400 m, as well as a vlf survey and underground dewatering, geological mapping and sampling of the No 2 shaft and the 30-m level drift.

Four of the five drill holles, Fort Knox says, tested a parallel structure to the main northeast-southwest trending gold-bearing Pettigrew structure a further 500 m northeast, for a total known length of at least 1,200 m.

The underground sampling program, though, it adds did not confirm the 10.2 g gold per tonne over 21.4 m, previously reported by Sylvanite Gold Mines in 1940, but did obtain highly anomalous gold values associated with the Pettigrew structure.

It’s proposed to carry out a further 2,000-m drill program as the next phase of exploration on the Pettigrew prospect.