Calgary-based Waddy Lake Resources (TSE) has released the final check-assay results from a 29-hole drill program completed last October on the company’s 100% owned Komis property in the La Ronge gold belt of northern Saskatchewan. Preliminary assays from the 13,450-ft. drill program were originally released last fall, but new results from a metallic (heavy mineral concentrate) assay procedure have yielded higher results in several holes.
Highlights from the metallic assay results (uncut) include 75 ft. of 0.63 oz. gold per ton in hole 18, 46 ft. of 0.35 oz. in hole 17, 26 ft. of 1.2 oz. in hole 15, 13 ft. of 0.94 oz. in hole 12, and 39 ft. of 0.58 oz. gold in hole 5.
The property was previously estimated to host a gold deposit with preliminary reserves of 1.61 million tons grading 0.15 oz. gold. Waddy Lake’s largest shareholder is Golden Rule Resources (TSE) which owns about 22% of Waddy Lake’s outstanding shares.
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