Some impressive gold grades from the Guillet property in Temiscamingue, Que., sent shares of
Hole 70 returned 13.3 metres grading 40.7 grams gold per tonne (1.2 oz. per ton) starting at 7 metres below surface. Included in this intersection was a 1.15-metre section of 127.3 grams gold per tonne (3.7 oz. per ton) starting at 13.7 metres.
The hole tested a zone of gold mineralization about 100 metres south of the property’s BC gold zone; it encountered a sheared breccia containing 10-25% semi-massive sulphides (mostly pyrrhotite and pyrite with traces of sphalerite, galena and free gold).
Vantex will carry out stripping and drilling to determine the strike and dip of the new structure.
The company has sent some of the drill core to Laboratoire Expert in Rouyn-Noranda, Que., for check-assaying.
Earlier this month, Vantex extended the BC zone to a depth of 135 metres. Hole 61 yielded the deepest intersection: 4.2 metres grading 7.1 grams gold per tonne starting at 130.8 metres. That was included in a larger, 87.2-metre section averaging 1.1 gram gold. The hole also returned 3.5-3.8 grams gold over three intervals measuring 2, 3 and 9 metres.
The three remaining holes generally returned between 0.4 and 10 grams gold over widths of 1-20 metres at depths of 20-110 metres. Hole 56 included a 2-metre stretch of 17.9 grams gold starting at 65.3 metres.
The 13-hole, 1,182-metre program also tested the continuity of the B and C zones. Four holes on the B zone returned 0.4-15 grams gold over 1-22.4 metres from surface to a depth of 85 metres. Hole 62 surrendered 1.3 metres of 14.9 grams starting at 8 metres.
Three of four holes on the C zone failed to cut significant mineralization. Hole 54 did manage to find 6.1 metres (from 17.8 metres) grading 2.2 grams gold, including 1.2 metres (from 22.7 metres) of 10 grams gold.
The Guillet property, 5 km from the town of Belleterre, is centred on the main Lake Expanse zone. So far, 5,500 metres of drilling in 76 holes has identified five gold zones (AB, B, BC, C and D).
Late last year, Vantex picked up the 2-sq.-km Gervais Sud property, adjacent to the south, by issuing 25,000 shares and granting a 2.5% net smelter return royalty to the vendor.
At presstime, Vantex had closed 53, or 165%, higher, at a new 52-week high of 86 with 5.4 million shares traded.
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