South Malartic hits more gold

Exploration drilling by South Malartic Exploration (MSU-T) at its Croinor gold project, east of Val d’Or, Que., continues to yield positive results.

The junior has proved the existence of flat-lying, gold-bearing tension veins perpendicular to the better-known main shear zone (T.N.M. June 5-11/00).

Hole 11 intercepted 31.3 metres (from 34.5 metres) of quartz veins grading 6.18 grams gold per tonne and another 5.2 metres (from 85 metres) of brecciated diorite grading 7.2 grams gold. The hole was drilled 92 metres west of previously reported hole 9, which cut 27.3 true-width metres of 6.42 grams gold in an area 385 metres west of the shallow, abandoned open-pit Goldust mine.

Malartic says the latest results confirm the continuity of the new gold-bearing structure.

South Malartic can earn a 70% interest in the Croinor property from Huntington Exploration (hei-v) by spending $1.5 million by mid-2002. Drilling continues.