The company says the results indicate the deposit extends a considerable distance to the south of a previously-drilled area, estimated to contain 1.1 million tons of reserves averaging 0.036 oz gold per ton.
Among the better results are 0.047 oz over 25 ft from hole BV89-46, 0.245 oz over 15 ft from BV89-48, 0.054 oz over 20 ft from BV89-51, and 0.034 oz over 10 ft from BV89-55.
Additional drilling is planned. Excavation of bulk samples for metallurgical testing is set to begin in September.
Goldteck is earning a 60% interest in the property. Its partner is Rochester Minerals (VSE).
In other business, Goldteck reports metallurgical test work on a sample of about 1.5 tons of tailings from the former Matachewan Consolidated gold mine in northeastern Ontario, indicates the material is amenable to treatment by a low- cost gravity process.
Bulk testing using production- scale equipment should be under way soon. Material from at least five areas within the tailings deposit will be processed. The company has about 3.5 million tons of tailings at its disposal.
Also, the company has sent drilling equipment to Chile for exploration of placer deposits. The work in central Chile is expected to be under way in late September.
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