Pamorex busy drilling at property interests

Among the better intersections were 0.19 oz gold per ton over 10.3 ft and 0.3 oz over 22 ft. The company plans further survey and drilling work.

Drilling is under way at the Beaverhouse project at Kirkland Lake, Ont., where Pamorex may earn a 51% interest by spending $1.75 million during a 3-year period. Survey work to identify targets was undertaken during the summer. The property hosts the former Upper Beaver gold and copper mine. Pamorex negotiated its agreement with Queenston Gold Mines (TSE).

At the Nighthawk Lake gold project in the Timmins area, the company has completed a feasibility study. The estimated mineral inventory is 1.59 million tons grading a diluted 0.17 oz. No decision has been taken regarding the project’s future.

During the summer, a 17,300-ft drilling campaign was completed at Nighthawk by barge. The company reports an intersection of 1.01 oz over 26.9 ft in a hole about two miles northeast of the known deposit. More drilling is planned.

In the Northwest Territories, a drilling program is being considered during the first half of 1990 for the Myrt Lake property. The company has an option to purchase the property 45 miles northeast of the Giant mine, which is operated by associated company Giant Yellowknife Mines.

Pamorex also has property interests in Nevada.

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