St. Genevieve, Bay drilling extends zone at Fourax

St. Genevieve Resources (TSE) and 81% owned subsidiary Bay Resources & Services (ASE) recently received some encouraging results from winter drilling at the Fourax gold property in Malartic, Que. Situated beside three former gold producers including the East Malartic mine, Fourax was the target of a 15,330-ft. drill program consisting of 20 holes. Bay holds a 60% stake in the 640-acre project, and Augmitto Explorations (TSE) holds the other 40%.

Highlights from a program designed to explore a new mineralized zone discovered two years ago include 8.6 ft. of grade 0.44 oz. gold per ton at a depth of 1,050- 1,058 ft. Other encouraging intersections included 6.1 ft. of grade 0.38 oz. at the 300-ft. level and 2.2 ft. of grade 0.66 oz. at a depth of 319 ft.

The latest drilling has extended the new mineralized zone over a strike length of 1,500 ft. and to a vertical depth of 1,300 ft., according to Gilles Tremblay, Bay’s vice- president of exploration.

The zone is parallel to the Cadillac Break and north of two other mineralized zones called the West Porphyry and Townsite Diorite. Good values have been obtained on the Townsite Diorite down to a depth of about 500 ft., but the geology of the West Porphyry is complex and difficult to follow, said Tremblay.

Gold mineralization in the new zone is contained in pyrite with 5-10% sulphides. Future plans are to test the zone along strike and to a depth of 1,600 ft. via another 15,000-ft. program drill program.