Plans call for contractors to complete 350 metres of drifting on two levels from the ramp, then sink 7,500 metres worth of underground diamond drilling aimed at defining a minable resource. Results from nine surface holes drilled in the North Shear zone and the Island-Lochalsh zone are pending.
Island Gold has an inferred resource of 2 million tonnes grading 8.3 grams gold per tonne (544,000 contained ounces) at a cutoff grade of 5 grams gold. This is part of a larger inferred resource of 20.6 million tonnes grading 2.35 grams gold, or 1.6 million contained ounces, at a 0.75-gram cutoff.
Patricia also intends to revive the 650-tonne-per-day Island Gold mill.
Patricia is looking for a new president and CEO to replace Richard Sutcliffe, who will stay on as chairman.
Patricia has $3.2 million in cash and just shy of 21.5 million shares outstanding.
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