An exploration program at Cathedral Gold Corp.’s Porcher Island property 35 miles southwest of Prince Rupert, B.C., has yielded some encouraging results. Pierre B. Lebel, president, says the recent drilling confirmed and extended “the known quartz vein system on the property which remains open at depth below 500 ft and on strike.”
Four of the 10 holes drilled returned long intersections which, in his view, supports “the concept of a large tonnage orebody grading in the order of 0.15 oz gold per ton.” Should this feature be confirmed by additional drilling, Lebel predicts it “could dramatically alter the scope of exploration and development activity at Porcher Island.”
Among the wide intersections encountered were: 33.6 ft of 0.29 oz in hole No 3; 77 ft grading 0.21 oz in hole No 4; 33.3 ft averaging 0.12 oz in hole No 8; and 32 ft grading 0.21 oz in No 10.
Exploration work is scheduled to resume immediately and the program will involve about 10,000 ft of drilling. Some sample results are still pending from the earlier program but he doesn’t think “they will change the picture either way.” The property has a modest production history and about 73,000 tons of ore was mined prior to 1937. It was milled on site and the gold was shipped out in pyrite concentrate. Recoveries were 95% and the recovered grade was 0.29 oz gold per ton.
The most important mineralization discovered to date on Porcher Island occurs at the Surf Point and Edye Pass mines, two former producers. Most of the developed veins are within strongly sheared, steeply dipping zones and reserves are currently estimated to be 250,000 tons grading 0.26 oz.
The 10 holes were drilled in the area of the old workings and at least five more holes are planned there in the latest program. The company recently added to its land holdings on Porcher Island and it now controls over 1,900 acres with tide- water access. Cathedral has a 100% interest in the property.
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