Two drills are this week probing a new high grade gold zone discovered by Gordex Minerals on the company’s Cape Spencer property northeast of Saint John, N.B., according to President Hal Pawson.
The zone, discovered 1/2 mile north of the present open pit mine h as been intersected by three holes so far. Results are as follows:
Intersection Assay Hole (ft) (oz/ton) 5 24 0.09 6 54 0.57 8 52 0.15
“These results are unique to this region and are good examples of the unexplored potential at Cape Spencer,” Pawson says.
Another 8,000 ft of drilling has been recommended by consultants Derry Michener Booth & Wahl of Toronto.
On another Gordex property in the Molega Lake area of southwestern Nova Scotia, 57 holes totalling 24,000 ft have been completed.
The 3-ft wide Johnson Long Trench zone, believed to have the most potential, has been traced for 740 ft.
Results from this zone include:
Intersection Assay Hole (ft) (oz/ton) 18 2.3 0.30 19 3.3 1.40 20 2.2 0.09 23 1.0 0.05 25 1.4 0.10 26 0.5 0.46
A second zone, called the Molega zone returned assays of 7.67 oz gold over 1.3 ft and 0.48 oz over 3 ft.
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