Results from 16,839 ft of diamond drilling indicate reserves of 2.49 million tons grading 0.117 oz gold per ton and 3.36 million tons grading 0.106 oz. Cut off was 0.05 oz.
President James Stephenson says the deposit could provide mill feed for the mills around Timmins which may become under-used in the next few years.
The reserve estimates are based on drilling in 1989 coupled with programs conducted in 1944-46. The mineralization has been delineated over a strike length of 800 ft, to a depth of 1,200 ft and across a width of 53 ft.
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