Encouraging assay results have been reported by Bachelor Lake Gold Mines (TSE) from several recently completed underground drill holes on the company’s Lensueur Twp. mine at Desmaraisville, Que. The drill program, which began in April, is being operated by the Canadian subsidiary of Hecla Mining (NYSE) as part of the latter company’s option to earn a 60% interest in the property. Hecla can earn its interest by completing three phases of exploration work worth $11 million by 1992.
Recent work has included the excavation of a 250-ft. crosscut on the mine’s 12th level and an 8,000- ft. diamond drill program employing three machines. The initial program has tested the downward continuity of the mine’s Main vein over a vertical interval of 400 ft. and a horizontal length of 800 ft.
Highlights from the recent drill holes are as follows: Vein Width Gold Hole (ft.) (oz./ton) 11-34 Main 15.1 0.385 11-35 9.0 0.226 11-38 8.0 0.260 12-13 8.5 0.256 14-14 8.0 0.238 12-15 9.0 0.303
Favorable results were also reported from the B-vein, a parallel structure located in the hangingwall above the Main vein. Assays from the B-vein included 10 ft. grading 0.48 oz. gold per ton in hole 14 and 7.3 ft. grading 0.43 oz. in hole 15.
The company anticipates that a second phase of work costing $3.1 million will begin sometime before September. That program will involve excavation of 1,000 ft. of crosscuts and drifts for the establishment of three drill stations. Drilling will test the Main and B veins over a vertical interval of 1,000 ft. along the entire length of the structure. The program’s objective is to delineate sufficient ore reserves for a feasibility study.
Be the first to comment on "Positive drill results at Bachelor Lake mine"