Trenching at Soocana bet yields high gold results

In the space of two weeks, Soocana shares climbed to $1 from around 30 cents on low volumes.

When reached on site at the company’s Lucuik claims near Wawa, Ont., Vice-president George Babcock said he is hoping to raise the money needed to drill the 18-claim property.

After some intensive prospecting and surveying work, Soocana has uncovered three gold bearing vein systems — the Murray Algoma, Blacksmith, and Atnel — which lie within a deformation zone.

Channel samples extracted from the Murray Algoma vein have assayed as high as 0.619 oz gold per ton over 4 ft and 0.436 oz across 6 ft. “The Murray Algoma is a flat vein system (striking for 300 ft in an east-west direction) which could be a small open pit,” Babcock told The Northern Miner.

Located several hundred feet further south is the Blacksmith zone which has been outlined along a strike length of 900 ft. Values obtained from this zone include 0.312 oz over 8.24 ft, according to Babcock. An extension of the Blacksmith, known as the Blacksmith West zone, has also yielded some encouraging values including 12 ft of grade 0.14 oz.

A recently completed magnetometer survey has shown that a number of anomalies are located on line with the three vein system. They will be drill tested in the near future, Babcock says.

In other news, Soocana is hoping to uncover additional gold values on Medici Resources’ Kirkland Lake, Ont., Airport property where Soocana has earned a 7.9% interest.

A winter surveying and mapping program has uncovered what Soocana calls a major shear zone on the 41-claim property. “This shear zone, which may contain important gold values, has a strike length of approximately 12,400 ft,” the company said. It also varies in width from 300 ft to 600 ft.

After finding another 16 anomaly trends on the Airport claims, favorable drill targets are currently being selected.

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