Marginal assay results have been reported by Akiko-Lori Gold (VSE) from recent drilling on the company’s Catharine gold project near Kirkland Lake, Ont. The project is a 50/50 joint venture between Akiko and Gold Fields Canadian Mining, a unit of London- based Hanson.
The best results from three recently completed drill holes along a silicified structure was 0.089 oz. gold per ton over 3.1 ft. The holes, which tested depths of 1,000 ft. below surface, intersected silicified and pyritized volcanic rocks containing quartz-carbonate veins. Shares of Akiko-Lori recently fell 80 cents to a low of $4.45.
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