SMDC is encouraged by La Ronge bet results

The Saskatchewan Mining Development Corp. has released some encouraging results from its Tamar Lake joint venture property in the La Ronge Greenstone belt of northern Saskatchewan.

Located just south of the Star Lake gold min e, the property is a joint venture involving the smdc (66%) and Claude Resources (34%). Shore Gold Fund can earn a 15% interest in the property from smdc (the operator) by meeting certain spending commitments. The results were released after the joint venture completed a 20-hole 2,467-m diamond drill program on the property.

Upon completion of the l987 winter drill program, the Tamar mineralized structure has been tested over a strike length of 500 m to an average depth of approximately 100 m.

According to the smdc, three separate zones of gold mineralization have been identified. Significant intersections are listed as follows:

Hole TA87-018 intersected a 1.5-m section grading 0.247 oz gold per ton. Hole TA87-016 intersected a 1-m cut grading 0.437 oz.

A number of potentially significant intersections were also obtained from outside of the Tamar mineralized structure. For example hole TA87-023 cut a 1.5-m section grading 0.263 oz.

A 1,500-m summer drill program costing $190,000 has been approved by the joint venture to continue testing of the mineralized zones along strike and at depth. This program, which is in addition to on- going surface exploration on the property, will start in late July.