A 10-hole drilling program has started at the Ludgate gold property, a joint venture of Pentland Firth Ventures (PFP-T) and QSR (GRS-T) in northeastern Ontario’s Michaud Twp.
The 6,750-metre program is testing chargeable zones detected in induced-polarization surveys. These zones lie down-plunge from the richest mineralization known on the prospect. The known mineralization has a preliminary resource figure of 463,000 tonnes grading 5.9 grams gold per tonne.
The mineralization occurs in the Ludgate shear zone, an east-striking structure about 4 km long that splays from the northern wall of the Destor-Porcupine break, the main structure in the Timmins camp. A 600-metre length of the shear is known to be mineralized, with a typical width of 20 to 30 metres showing significant grades. Mineralization has been intersected at a depth of 320 metres, and is open at depth. The mineralization is also believed to extend upward to the base of the overburden.
Southeast of Ludgate, Barrick Gold (abx-t) is defining a gold deposit on the main break itself. The resource at the deposit, called the Moneta Southwest zone, is 2.4 million tonnes grading 6.1 grams gold. Barrick holds a 60% interest, while Moneta Porcupine Mines (me-t) holds the rest. Nufort Resources (nr-t) retains net smelter and net profits interests on production.
Be the first to comment on "Pentland drill-tests Ludgate gold property"