The Hislop East property is straddled by the Destor Porcupine fault structure which has supported a number of gold producers in the area including Giant Yellowknife Mines’ (TSE) neighboring Ross mine.
Goldpost has advanced a decline to the 450-ft level and drill indicated reserves in three zones (the South, West and Shaft) stand at 733,482 tons grading 0.19 oz gold per ton
The program is designed to confirm gold mineralization and tonnage below the 450-ft level to a depth of 1,000 ft. It has been financed through a $536,000 flow- through share deal with Can-Tax Minerals of Vancouver. Surface drilling is also scheduled to get under way on the West zone to check and extend a number of intersections encountered below the 500-ft elevation.
The best intersections encountered in Hole No 157 was 30 ft of grade 0.19 oz. Hole No 160 contained 8 ft of 0.30 oz at the 550 ft level and 27 ft of grade 0.53 oz at 600 ft.
The Hislop East is subject to a 25% net profit interest to New Kelore Mines (TSE) of Toronto.
]]>
Be the first to comment on "Hislop bet contract let by Goldpost Res."