Till, rock sampling values encouraging

Both till and rock sampling have located a number of areas of anomalous high gold values on the Wolverine Pond — Trap Pond — Flatwater Pond assemblage of 1,647 claims in the Baie Verte area of Newfoundland, Tashota-Nipigon Mines reports.

Tashota-Nipigon and Muscocho Explorations may both earn a 25% interest in this block of ground by jointly spending $2.25 million by Dec 31, 1989. Noranda Exploration, which has a 50% interest in the project, is the operator.

The block covers more than 50 km of the same geologic structure which hosts Noranda’s Deer Pond gold discovery to the north.

Till samples from one anomalous area located on the Wolverine Pond block at the south end of the holdings have returned geochemical values of plus 10,000, 630, 325 and 110 ppb, the company reports.

Meanwhile, in northwestern Quebec, at the McWatters gold project in the Rouyn-Noranda area, exciting gold values have been obtained from surface drill holes investigating the new J zone located 1,200 ft northwest of the shaft, the company reports. Tashota-Nipigon has a 25% interest in the project.

Hole No 87-62 cut a strong zone in which 10.8 ft, beginning at 449.3 ft, averaged 2.38 oz gold per ton. Over a 25.4-ft core length, the hole averaged 1.05 oz.

The hole is located 50 ft northwest of hole No 87-59, which intersected 0.44 oz beginning at 432.2 ft over a core length of 11.7 ft. With adjacent values, this section averaged 0.23 oz over 33.4 ft.

A third hole, No 87-61, located 25 ft southeast of 87-59, gave two sections: 13.9 ft starting at 395.9 ft running 0.23 oz, and 19.5 ft beginning at 442 ft runing 0.3 oz. Combined, these sections, together with the intervening material, averaged 0.14 oz over 65.6 ft.

The holes were drilled as part of a $6-million work program. Holding a 25% interest in the McWatters project is Quinteko Resources, with McAdam Resources, project operator, owning the remaining 50%.