Queenston/Barrick get good results at Pandora bet

Partners American Barrick Resources (TSE) and Queenston Gold Mines (TSE) have received more encouraging drill results at the Pandora mine property at Cadillac Twp., Barrick said recently.

Barrick says nine out of 15 holes drilled on the eastern sector of the property intersected ore quality mineralization over 5-ft to 94-ft true thicknesses grading 0.12 oz to 0.17 oz gold per ton.

“The results included a 47-ft intersection grading 0.17 oz in mafic volcanics,” Barrick says.

A joint venture involving Barrick (75%) and Queenston (25%), the Pandora property is located on a 800×1,000-ft-thick package of ultramafic, mafic and sedimentary rocks within the north and south branches of the famed Cadillac shear zone.

A headframe, hoist and surface facilities from a recent exploration program are still in place on the No 3 shaft and neighbor Novamin Inc. (TSE) reported 900,000 tons grading 0.15 oz gold on the adjacent Tonawanda property.

While mineralization encountered so far, consists of disseminated fine-grained pyrite and arsenopyrite with lesser pyrrhotite, a 17,000-ft drill program, now underway, will test for horizontal and dip continuity of intersections obtained so far.

In many cases, the new holes will reduce the horizontal spacing from 200 ft. to 100 ft.