Partners Queenston Mining (QMI-T) and Franco-Nevada (FN-T) have received encouraging first results from the $2.5-Million, phase-2 drill program on their property near Kirkland Lake, Ont.
An additional 75,000 ft. will be drilled in order to explore the McBean and Anoki gold deposits.
To date, five holes of the current program have been drilled at the McBean, which was mined by open-pit methods in the mid-1980s. The gold-bearing Green Carbonate zone was intersected in all the new holes, the most significant of which was No. 19, where operators intersected a wide swath of green carbonate containing visible gold and assaying 0.1 oz. per ton over 56.8 ft., including a 9.8-ft. section averaging 0.25 oz. This hole extends the Green Carbonate zone a further 400 ft. to the east, towards the Ritchie shaft on the joint venture’s Princeton property.
Previous drilling on the Princeton property intersected values of up to 0.23 oz. gold over 12.4 ft. Although no ore-grade material was outlined underground at the Ritchie shaft, previous sampling on the 500-ft. level returned up to 0.35 oz. gold across 6.5 ft.
Hole 20 was drilled to explore the western extension of the Green Carbonate zone. In this hole, the zone returned only low-gold values. A felsite zone above the green carbonate assayed 0.03 oz. gold over 19.4 ft.
Complete assay results are not yet available from the other holes.
Drilling, with a minimum of two rigs, will continue for the balance of the year. The work is intended to evaluate what the partners consider to be a major gold system beneath the Anoki and McBean deposits.
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