Vancouver-based junior ValGold Resources (VAL-V) has finished an 11,351-metre drill program on the Garrison gold property in Garrison Twp., about 35 km east of Matheson, Ont.
The program provided drill coverage on 50-metre centres, which ValGold expects will be adequate for an initial resource estimate.
Recent drilling included seven holes that intersected significant gold mineralization, generally over core lengths of 1 metre to 5 metres. Gold grades were mostly between 1 and 4 grams per tonne, with local intersections of 6 to 13 grams.
ValGold now plans to test along strike and down-dip from known mineralization. The deposit consists of five sulphide-rich zones in the footwall of the Munro fault zone and in Timiskaming Group sedimentary rocks between the Munro and the Destor-Porcupine fault zone to the south.
The project was previously worked by Jonpol Explorations and various partners, who had outlined a resource of about 900,000 tonnes grading 6.2 grams gold per tonne by 1995; a bulk sample of just over 50,000 tonnes, averaging 8.3 grams gold per tonne, was taken out that year but development went no further. ValGold acquired the property in 2005, subject to a net smelter return interest, held by Teck Cominco (TEK.B-T, TCKBF-O), on part of the property.
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