Vancouver — Recent drilling at the well-tested Windfall gold project in Urban Township, Que., has yielded a pleasant surprise for Noront Resources (NOT-V, NOSOF-O).
Hole NOT-06-100, from the company’s 12-hole, 3,300-metre fall drill program, returned a whopper of an intercept with 4.8 metres (from 119.6 metres down-hole depth) grading 1,792.9 grams gold per tonne using fire assay. Splits from the extremely high-grade interval were reassayed returning 800.1 grams gold with fire assay and 1,327.9 grams gold by metallic screen assay.
The three holes preceding 100 did not encounter any new significant gold mineralization. Core from the final eight holes are in the lab with results anticipated prior to year-end.
Noront has not yet finalized next year’s exploration plans for Windfall although any work program will likely not begin until the spring due to limited road access during winter.
Gold mineralization at Windfall, outlined over an 800 by 800-metre area, is interpreted as occurring along a series of eight northeasterly striking and steeply north-dipping structural zones within felsic volcanics of the Barry-Urban greenstone belt. Mineralization is accompanied by sulphide, silica and some potassium enrichment with zones of brecciation.
Noront geologists hypothesize secondary gold enrichment from a series of flatly dipping and northerly striking cross structures that form shoots within the northeasterly vein structures. Widths of the gold mineralized zones vary from less than 1 metre to about 17 metres and exhibit limited vertical continuity in addition to erratic grade variation.
Mineralization has also been traced to the north, across the claim boundary onto Murgor Resources’ (MUG-V, MUGRF-O) adjacent property.
Alto Ventures (ATV-V, ALVLF-O), which holds the claims just east of Noront’s project, retains a 0.5% net smelter royalty on Windfall.
The high-grade results boosted Noront’s shares, which closed up 55% or 16.5 at 46.5 apiece on trading volume of over 8.5 million.
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