Four drill programs for Central Crude

Central Crude (TSE), which is moving ever closer to the Hemlo Gold Mines (TSE)-Noranda (TSE) fold, is also becoming much more active in the exploration field, with Noranda as operator.

Central Crude now has two drills at work on the Moss Lake gold property, 70 miles west of Thunder Bay, Ont., recently optioned from Tandem Resources (ME) and Storimin Exploration (ASE). This will follow up some highly interesting gold values in recent drilling by the vendor companies along strike of the Main zone. These include 1.60 oz. across 13.0 ft. and 0.20 oz. across 14.5 ft. east of the underground workings and 0.08 oz. across 100 ft. (including 0.32 oz. across 11 ft.) off the west end.

Another target of the current program will be a deep intersection 900 ft. under the Main zone that returned 0.33 oz. across 20 ft. The company has another agreement to take over the Pawnee gold property in the Kirkland Lake, Ont., area, recently optioned by Noranda from Queenston Mining (TSE). This calls for cash expenditures of $100,000 and exploration expenditures of $1 million over four years. Drilling is starting immediately, reports Central Crude President Richard Nemis.

Still another project on which drilling has commenced is on the Blue Quartz property in the Matheson area, under option from Joutel Resources (TSE). The former Blue Quartz mine is said to host reserves of 128,000 tons grading 0.86 oz. per ton.

At the company’s main Eagle River property in the Mishibishu area, a joint venture with Hemlo Gold, underground work is proceeding on schedule, Nemis says. The 60,000 tons of development muck stockpiled at Hemlo’s Golden Giant mine site is being processed in a separate circuit in that mill.

The main No. 8 shear zone has been intersected on the 3rd level and appears consistent with the upper levels, with visible gold noted.

Underground work is being concentrated on development required to prepare two test stopes for production starting in February.

A surface diamond drill program on this property will start shortly to test both the Hilltop vein and the Falcon Creek zone.