Still in the early stages of a $3.5-million exploration program, Wheaton River Minerals (TSE) has discovered new gold mineralization at its Golden Bear mine in the Yukon.
The zone was uncovered when a trench was excavated to investigate a splay from the main structure, Wheaton reports.
The trench returned 16 contiguous 1-metre samples which assayed 2.23-10.15 grams gold per tonne. This signifies that 5.41 grams per tonne (0.16 oz. gold per ton over 52 ft.) were encountered over the full 16-metre widths. The grades have been confirmed by check assay.
The new zone lies about two kilometres north of the mine site, in a fault comprising strongly weathered red hematitic gouge and silicified hematitic dolomite breccia.
The company said the “geology is significantly different from the Fleece Bowl B ore deposit, about 150 metres southeast.” A diamond drill will test the new zone as soon as possible.
The Golden Bear was recently acquired from Homestake through Wheaton’s 85%-owned North American Metals (VSE). Repadre Capital (TSE) holds a royalty interest.
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