More encouraging results have been reported from the Victoria Lake gold project near Larder Lake, Ont.
So far, Sudbury Contact (TSE) has drilled 18 holes, totaling 20,642 ft., and the work has confirmed the existence of an east-west-trending, gold-bearing structure. The deposit, which has a known strike length of 4,600 ft. and a depth of 1,500 ft., remains open to the west and at depth. Mineralization in the Main zone ranges from 0.15 oz. gold per ton over 15 ft. to 0.05 oz. over 67 ft. Another zone assayed as high as 0.55 oz. over 4 ft. Gold in the Main zone is hosted within felsic crystal ash tuff containing up to 15% pyrite. Several secondary structures have been found north and south of the Main zone.
North of the Main zone, gold is associated with banded and massive pyrite in graphite quartz breccias. Gold is also associated with trace amounts of pyrite in quartz stockwork veins within intermediate, sericitized tuffs. Beginning in May, Sudbury Contact will begin drilling about 50,000 additional feet at at a cost of $1 million.
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