NLX Resources testing Gowganda silver bet

An underground drilling program, currently under way on NLX Resources’ Gowganda, Ont., silver property, continues to yield encouraging assay values. The program, being carried out under the direction of Derry, Michener, Booth & Wahl, is testing the upper contact of the Nipissing diabase in the northeast part of the property.

Work performed last year by NLX, and joint venture partner Sandy K Mines, revealed a number of silver bearing veins on the property. The current program’s objective is to test the continuity of these structures at depth.

Hole 88-10, testing the strike extension of the past-producing No 7 vein structure, intersected 485 oz silver per ton over 2.5 ft. This intersection is located 200 ft west and 80 ft vertically below the 135-ft level adit.

The No 7 vein structure is a 30-40 ft wide swarm of calcite veins containing silver, cobalt arsenides and native bismuth. The structure, which strikes roughly east-west and is vertical dipping, has a strike length of 1,000 ft on the property and is open at depth.

Diamond drilling is on going, and the company says that, to date, a total of $2.86 million has been spent on the Sandy K silver property.


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