Discovered earlier this season by trenching, the Thor vein at the Viking gold project in near Sops Arm, Nfld. is proving to be a promising discovery, reports operator, Northern Abitibi Mining (NAI-V).
Results from two holes from a 10-hole program have returned high-grade gold mineralization in the Thor vein, which consists of a zone 1.5-8 metres in width, hosting many individual quartz-sulfide veins ranging from 0.3-1.8 metres wide.
Hole 08VK-01 returned 5.75-metres grading 33.7 grams gold per tonne, including 3.7 metres grading 50.1 grams gold and 0.5 metres grading 218.8 grams gold per tonne.
Hole 08VK-02 intersected 3.8 metres grading 16.12 grams gold per tonne including 0.4 metres grading 35.8 grams gold and 0.5 metres grading 41.66 grams gold.
Both of these drill holes intersected a second smaller high grade footwall vein running roughly sub parallel to the Thor vein but located about 30 metres below it. The footwall contained visible gold and returned grades of 1 metre grading 4.7 grams gold in the first hole and 1 metres grading 37.6 grams gold in the second.
Results from the other eight holes have not come back yet. The mineralization is a part of a large gold-bearing system within a 4-km long gold-in-soil anomaly.
Northern Abitibi has the option to earn 51% in the project from Altius Resources (ALS-T) by issuing 1.115 million shares of Northern Abitibi and spending $1.2 million in exploration over four years.
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