Pele extends Highland high grade

Drilling by Pele Mountain Resources (GEM-V) has extended the near-surface Talisker zone on its Highland gold project in northern Ontario.

The latest batch of six holes is highlighted by hole 16, which yielded 2.3 metres grading 12.4 grams gold per tonne, including a 0.3-metre interval of 49.9 grams, beginning 4 metres from surface. Hole 14 returned 2.4 metres running 10.1 grams, including 0.3 metre of 36.5 grams. The remaining holes generally returned between 1 and 37 grams gold over widths of 0.3-1.4 metres.

In August, two holes on Talisker yielded 8.2 metres of 8.36 grams gold, including 0.55 metre of 95.5 grams, and 0.4 metre of 2.54 grams, and 1.32 metres of 4.34 grams gold.

The Talisker occurrence comprises a gold-bearing quartz vein hosted in a shear zone, which is exposed in an historic shaft sunk into the hanging wall of the sheared granodiorite host. The 8.2-metres interval represents an intersection across the shear zone and includes both the hanging wall and footwall quartz veins.

Pele says the latest holes, spaced 12.5 to 25 metres apart, tested Talisker to a depth of around 15 metres over a lateral distance of 50 metres.

Assay results are pending for another 6 holes. Pele also awaits the results from 3 of 12 holes planned for the Springbank zone. Previous drilling there encountered 2.45 metres of 12.7 grams, 5.35 metres of 7 grams, and 2.5 metres of 9.9 grams gold.

Springbank comprises two shear zones occurring along the contact between felsic/intermediate metavolcanics and granodiorite. Gold mineralization is associated with heavily altered rocks and quartz veining.

Talisker and Springbank are both hosted by the Goudreau-Lochalsh deformation zone, which hosts several of the district’s past-producing gold mines. Both remain open at depth and along strike in both directions. A planned third phase of drilling will aim to extend both zones.