A drill hole on the Fontana property in Duverny Twp., about 50 km northwest of Val d’Or, Que., has returned significant gold values in the vicinity of the Hooper- Bunkhouse vein junction. The property, owned 40% by Bay Resources and Services (ASE), 28% by Exploration Duverny, 25% by Jilbey Industries (ASE) and 7% by St. Genevieve Resources (ME), is the site of a $500,000 deep drilling project. Bay Resources is a subsidiary of St. Genevieve and Duverny is a subsidiary of Stratmin (ME).
The drilling program is designed to test the theory that a number of auriferous veins identified at surface are merging at depth. According to geologist Aline LeClerc, four holes have been drilled in the vicinity of the Bunkhouse vein system, including assayed hole JB-200. Two of these holes missed the mineralized zone entirely.
Drill hole JB-200 hit a stockwork vein pattern along a core length of 100 ft. The last 45 ft. of this zone returned an assay of 0.48 oz. gold per ton. However, since the hole was drilled at a low angle to the vein system, the true width of the mineralization is likely to be less than 50% of the 45-ft. width intersected.
Results from mineralized zone between 543 ft. and 588 ft. in hole JB-200 include two intersections of 0.28 oz. over 12 ft. and 2.34 oz. over four feet. A 4-ft. section, estimated to contain 1% visible gold, has not been sent in for assay.
Assay results are pending on hole JB-210, collared 150 ft. northwest of JB-200, which intersected a zone “similar in mineralization to JB- 200,” said Leclerc.
About 30,000 ft. in 28 holes have been drilled under the current program. Having used most of the alloted $500,000, the company hopes to raise more funding for further testing on the property.
Another junior, Portfield Industries (COATS), has a 15% royalty in the property.
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