Recent drilling has intersected a new low-grade copper zone, the South zone, on the MacLeod Lake property north of Chibougamau, Que. Extending over a strike length of 500 metres, the South zone dips shallowly to the northeast and has an average thickness of five metres. Two holes drilled to test the zone intersected an average grade of 0.28% copper and 0.5% molybdenum. The MacLeod Lake property, held by Windy Mountain Explorations (OTC), hosts preliminary reserves of 37.5 million tonnes averaging 0.44% copper and and 0.05% molybdenum in the main zone. A higher-grade core contains 10 million tonnes averaging 0.67% copper and 0.11% molybdenum, to a maximum depth of 150 metres.
To date, $3 million has been spent exploring the property, $1.6 million of that on 9,000 metres of drilling. Mineralization is associated with the contact between a granodiorite intrusive and the surrounding gneissic wall rocks.
The latest 15-hole program included four holes along the contact to the west of the main zone, but mineralized intersections from those holes carry no economic values.
Windy plans to complete further drilling on the property this summer, focusing on two 800-metre IP (geophysical) anomalies next to the granodiorite contact.
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