A 10,000-ft drill program has been completed by Orofino Resources (TSE) on the company’s Coronation Gulf gold property in the Northwest Territories. The property is held under option from Canuc Resources (TSE). Dore- Norbaska Resources (TSE) is involved with Orofino in funding exploration of the claims.
Although many of the gold values assayed from drill core were uneconomic, they are considered significant, Orofino says. The distribution of gold values in the extension of the North Central zone are similar to that found in the main North Central deposit. Previous work, which included closer spaced drilling, has outlined a reserve of 706,000 tons grading 0.21 oz gold per ton. Reserves on the entire property total 860,000 tons grading 0.22 oz gold.
Results from the program include 6.5 ft grading 0.14 oz gold and 4.6 ft assaying 0.09 oz gold in hole 10, which confirmed the northern extension of the North Central zone. The first hole assayed 0.15 oz gold across a 4.5-ft width. The remaining holes across similar widths, were lower grading.
Assays from 30 other holes which tested five zones are expected shortly.
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