Edmonton-based Pacific Trans- Ocean Resources (ASE) recently received some encouraging results from the first four holes of a 16-hole program on its 100%-owned Gordon Lake property 70 miles northeast of Yellowknife, N.W.T.
The program was designed to follow up on results from 41 holes drilled between 1976 and 1983 which suggest that additional mineralized shoots could occur in quartz veins in both zones at depth and along strike.
It tested the strike and down-dip extensions of the quartz veins in both the south and north zones for additional mineralized shoots. A total of four holes was completed on the south zone and 12 on the north zone, Pacific Trans-Ocean says
The south zone was drill tested along a strike length of 250 ft and to a depth of 140 ft. The company says it encountered five parallel quartz veins, three of which are mineralized with drill-indicated widths of up to 21 ft occurring in the south zone.
The shoots have been drill tested to a maximum depth of 140 ft and are open at depth, the company said.
Gold values determined by fire assay using coarse gold preparation for the samples of quartz vein material intersected in the four holes on the south zone are as follows: Drill Hole Width Grade oz 88-39 14.4 ft 0.11 oz 88-40 5.4 ft 0.05 oz 88-41 14.8 ft 0.92 oz
3.0 ft 4.22 oz 88-42 10.4 ft 0.38 oz
3.3 ft 1.07 oz
The north zone has been drill tested over a strike length of 400 ft and to a vertical depth of 470 ft. This zone consists of at least four parallel quartz veins with drill-indicated widths up to 17 ft.
Visible gold was observed at depths of 300 ft and 360 ft and coarse gold preparation on quartz vein samples is under way, Pacific Trans-Ocean says.
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