The first underground drill hole, completed from the 1,800-ft level of the shutdown Lamaque gold mine near Val d’Or, Que., has intersected encouraging gold mineralization, partners Teck Corp. and Tundra Gold Mines say.
The hole drilled towards the No. 5 diorite plug, cut a 10-ft section grading 0.49 oz gold per ton. Another hole drilled above the first, cut a 7.5-ft section of quartz tourmaline vein grading 0.09 oz. Both veins are between the plug and the mine workings. Based on these results, Teck is proposing a $3-$5 million underground exploration program for 1987.
“We are encouraged with these results,” Vice President of Teck Explorations, Matthew Blecha tells The Northern Miner. The proposed underground work will include crosscutting to and drifting along the veins cut by the drilling. Underground drilling would also test deep sections of the diorite plug. Dr. Blecha also noted that a vertical hole, No. 9, cut a 13-ft section grading 0.308 oz. Although not true width, the hole cut significant mineralization. The uncut value is 0.85 oz, Dr. Blecha adds.
Tundra, which has the right to earn a 50% interest, must spend $9 million during a 3-year option period.
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