Exploration drifting underground at the Magnacon joint venture in the Mishibishu Lake area of northern Ontario is continuing to turn up gold values on the 300-ft level.
In the joint venture, Muscocho Explorations is the manager with a 25% interest. Flanagan McAdam Resources holds 50% while Windarra Minerals picks up the balance with 25%.
Drifting eastward from the crosscut on the Main Magnacon vein, the average of face sampling worked out to 0.42 oz gold per ton over a width of 10.4 ft for a length of 135 ft.
At the west drift, a strike length of 110 ft has averaged 0.25 oz over an average width of 7.4 ft. This length includes a 20-ft barren section where a diabase dike cuts across the vein.
The average grade calculated to date on both the east and west drifting along a total length of 245 ft and an average width of 8.9 ft is 0.34 oz.
Assays from test holes in the drift walls are being awaited.
Meanwhile, drifting is continuing in both directions with assays pending for an additional length of 200 ft.
Underground diamond drilling is also under way to test the gold veins above and below the drift level. A surface drill is scheduled to start further exploration work shortly on the property.
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