Eleven grab samples were taken, resulting in assays as high as 57.7 grams gold per tonne. Two other samples assayed 8-10 grams gold, and another two graded 2.1 grams gold and 3.6 grams gold, respectively. Six of the 11 samples assayed less than 1 gram.
The samples were taken within, and along strike of, the Macallan zone. The zone comprises sheared, silicified, carbonatized and sulphidized mafic volcanic rock. Some samples contained from 5-10% sulphides (pyrite and chalcopyrite).
Copper assays ranged from 26 parts per million to 2.1%.
The Highland (formerly Wawa) property covers 14 km of strike length along the Goudreau Localsh deformation zone and is owned by Pele Gold, a unit of Pele Mountain.
The Macallan zone is in a group of 10 claims Pele Gold recently acquired from Charles Lloyd Smith, whose estate retains a 1.75% net smelter return royalty on any production from the property.
The latest prospecting was part of a due diligence program carried out prior to acquisition of the patented claims. Pele holds more than 200 claims in the area, some of which surround the patented claims. Pele Mountain CEO Al Shefsky says that when the company finally tracked down the owners of the claims, they welcomed the prospect of work being done on the property.
The company acquired “a wealth of information” in the form of historical reports from the previous owner. Based on past work, gold is found on several of the claims, and some of it associated with iron formation.
The Macallan zone is a new discovery, made in part because heavy equipment exposed shallow subcrop while clearing a trail through the claims. Follow-up work will entail line-cutting and ground geophysics.
An east-trending baseline has been started at the western end of the 14-km-long property. Tie-lines will be spaced at 100-metre intervals in the area of known zones. This has begun over a zone that is 3 km north of the past-producing Cline mine and over the Markes zone (where Pele extracted 10,000 tonnes grading 5 grams gold per tonne in 1999). Initially, the Macallan zone will be tested by a magnetic survey over a strike length of 1-2 km.
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