Management of the North American Rare Metals — Dundee-Palliser joint venture Vezza gold project 25 km south of Matagami, Que., are highly encouraged with the findings in the latest hole in its 1987 summer drill program. The deepest hole yet, No A-59A, returned a 19.7 ft intersection from 1,443.6-1,463.3 ft averaging 0.34 oz, with lower but significant values over additional widths. True width of this intersection, which is at a vertical depth of approximately 1,300 ft, is estimated to be 16.4 ft.
The intersection would be about 660 ft below that in previously reported hole No A-40 which returned a core length of 22.0 ft that averaged 0.47 oz.
Drilling is continuing with two machines and will include two wedgings from No A-59A.
Funds for Dundee-Palliser’s share of the program are being provided by Camindex Mines which will earn a 56.9% interest in that company, while North American Rare Metals is being financed and controlled by Tandem Resources.
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