Low gold assays have been reported by Societe d’Exploration Miniere Vior (ME) from four final drill holes on the Douay joint venture in northwestern Quebec. The project is 42% owned by operator Inco (TSE), with the third partner Cambior (TSE) holding a 21% interest.
Vior says hole 12, drilled 200 ft. east of the previously announced discovery hole, cut only “weak mineralization,” while hole 13, a stepout 200 ft. west of the discovery hole, intersected low values of 0.09 oz. gold per ton across widths of 4.2 ft. and 1.2 ft., respectively.
A somewhat higher-grade assay value of 0.15 oz. gold over 10.4 ft. was intersected in hole 14, situated 200 ft. away from hole 13 and 400 ft. west of the discovery hole.
However, only one narrow 1.2-ft. interval grading 0.30 oz. gold was cut at a depth of 442 ft. in hole 15, collared 600 ft. west of the discovery hole. That drilling represents the most westerly stepout hole to date.
The first hole of this season’s program yielded an impressive 59.3 ft. grading 0.23 oz. gold and boosted the shares of Vior to a high of $1.90, but the recent low assays have pushed the share price back down to the $1.59-level.
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