A decline ramp has been completed by Murgold Resources and Chesbar Resources on their joint ventured Chester Twp., Ont., gold property. The 3,100-ft-long ramp was completed to a depth of 400 ft.
Underground work in progress includes crosscutting on the 150-ft level and exploratory drifting. Also, lateral exploration on the 400-ft level will begin once underground drilling is completed. This work is designed to undercut a section of the old Strathmore workings where drift sampling on the 85-ft level averaged 0.74 oz gold per ton, Murgold says. The zone on this level averaged 3 ft in width and was sampled for 195 ft.
The partners also plan to start an 11,500-ft surface diamond drill program shortly. The joint venture with Chesbar only involves 63 of the 294 claims held by the company in the township. Chesbar has earned a 60% interest in the former claims. On the remainder, Murgold has completed line cutting and crews are performing geophysical surveys. The company has also applied for a listing on the Toronto Stock Exchange.
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