Queenston drilling extends Anoki zone

Recent drill results have proven the Anoki gold deposit near Kirkland Lake, Ont., to be larger than previously thought.

Operator Queenston Mining (QMI-T) recently released results from two new drill holes on the Anoki zone, both of which intersected wide zones with significant gold grades. Between them, the two holes extend the strike length 1,000 ft. to the west, and about 500 ft. down-dip, for a total of 2,000 ft.

in both directions.

Hole AN97-08 intersected the zone at a vertical depth near 2,000 ft., cutting 64 ft. grading 0.04 oz. gold per ton, including a 13.5-ft. interval grading 0.1 oz. The hole also cut a 3.4-ft. zone of mineralization higher up.

Hole AN97-09, drilled about 1,400 ft. west of the Anoki shaft, intersected four zones of gold mineralization, including one of 30 ft. grading 0.11 oz.

gold. The three other intersections ranged from 6.3 to 11.7 ft. in length, and carried gold grades of 0.03 to 0.05 oz. per ton. One of the intervals, a 9-ft. length grading 0.03 oz., was recovered from a depth of 2,500 ft., indicating there may be potential for some deep mineralization along strike from Anoki.

While the grades are relatively low, the tendency for deposits in this camp to have coarse, free gold frequently causes drill holes to underestimate actual grades.

A third hole, drilled on the McBean property (which adjoins Anoki on the east), intersected 0.4 ft. grading 0.3 oz. gold and 4.7 ft. grading 0.04 oz.

The wider intersection occurs at about 2,500 ft. down-hole and may indicate that the gold-bearing structure at McBean extends westward and downward from the deposit’s underground workings.

Queenston encountered no significant gold values in an exploration hole drilled on the Princeton property, immediately east of McBean.

Five other targets are slated for drilling this winter, after a fall stripping program indicated zones of green-carbonate alteration typical of several gold deposits in the camp.

Queenston expects that by March, Franco-Nevada Mining (FN-T) will have completed its earn-in program on the large Queenston land package in the Kirkland Lake camp, giving it a 50% interest. Ten holes, for a total of 15,000 ft. of drilling, are planned between now and the end of March; the first three will test extensions to the Anoki zone, including one hole testing down-plunge to the east.