A third diamond drill is now drilling on the Fifteen Mile Stream gold property of Pan East Resources in Nova Scotia, where Greenstrike Gold Corp. and Petromet Resources report they have expanded their evaluation program.
The current drill program on the property, budgeted at $1.5 million, is scheduled for completion by the end of November, and is aimed at increasing gold reserves in the main Egerton-McLean area, and testing of numerous other targets.
According to operators Greenstrike and Petromet, 18 holes have been drilled since late July, when preliminary reserves were reported at 600,000 tons averaging 0.24 oz gold per ton.
Visible gold was observed in six holes drilled in the Hudson area, about one kilometre west of Egerton-McLean. The new gold mineralization in the Hudson area is open along strike and at depth, the partners say.
Drilling by Nova Gold Resources, immediately south of Pan East’s claim boundary, has added interest to the Fifteen Mile Stream area. Gold values are reported from the Plenty zone, which extends for 1.5 km on Pan East’s property.
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