Timmins-based Anglo Canadian Mining (TSE) has reported a mixture of high- and low-grade gold assays from recent drilling on the MWF property in Matheson Twp., near Timmins, Ont. Anglo has an option to earn a 51% interest in the property. The best results came from hole 7 which intersected visible gold at five locations between 967 and 1,043 ft. down the hole. The assays include 1 ft. grading 1.7 oz. gold per ton, 3.6 ft. of 0.71 oz., as well as three separate 1-ft. intervals with grades in the 0.12- to 0.17-oz.-per- ton range.
Earlier assays from the first six holes returned only low-grade values. Anglo said the first two holes failed to intersect the target horizon due to excessive flattening. Attempts to cement and wedge hole 2 were not successful.
Hole 3 yielded an assay of 0.14 oz. over 2.8 ft. at a vertical depth of 800 ft., while a lower-grade section of 15.6 ft. grading 0.042 oz. was encountered at the 780 ft. depth.
Hole 4, drilled 250 ft. to the east of hole 3, cut 2.9 ft. grading 0.12 oz., and 5 ft. grading 0.034 oz. at a depth of 790 ft. below surface.
Drilling is continuing with two machines testing the target horizon along strike to the east and west of the current holes.
In conjunction with the drilling, detailed geophysical work is also being carried out to better delineate other zones on the property. More than 4,000 ft. have been completed so far in the planned 12,000-ft. program.
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