A 20,000-ft drilling program has started on Kerr Addison’s Joutel Twp. property in Val d’Or, Que. Following a promising gold discovery on the 1,066-acre property, project manager Onyx Resources can earn a 50% interest by spending $600,000 to explore the property before February, 1988.
According to Onyx President Rejean Gosselin, geological surveys have defined a 300-m anomalous zone which has been tested by drilling over a strike length of 50 m.
Mr Gosselin says the mineralized zone is characterized by a wide shear zone in a granodiorite strongly carbonated, silicified and injected by quartz veins and pyrite. The zone is highly anomalous in gold with the best section assaying 0.34 oz per ton gold over a 1.2-m hole J-87-2.
Other mineralized sections of up to 0.08 oz over 1 metre are reported from the same hole.
A total of four holes have tested geophysical targets over a strike length of 50 m. Hole J-86-7, located 25 m west of hole J-87-2, returned several mineralized sections. The best ones were 0.05, 0.21 and 0.30 oz over 0.9, 0.7 and 0.7 m respectively. Holes J-87-1 and J-87-3 further west returned numerous gold intersections up to 0.09 oz over 5 m.
Mr Gosselin says these drill results increase the potential of the Joutel property, which is well located in the Joutel camp flanked to the east and west by two former copper-zinc producers, Poirier and Joutel Mines and to the south by a zinc deposit (Explo-zinc). Agnico- Eagle Gold Mines, with reserves of more than 1.4 million tons grading 0.202 oz is located 2.5 km to the north.
According to Onyx, the property is underlain by rhyolites, rhyolitic tuffs and felsic intrusive rocks. Gold bearing pyrite horizons have been detected by former drilling programs.
More results are expected to follow.
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