Due to lower than anticipated drill costs, two additional holes will be drilled on the Glimmer Resources’ (TSE) Hislop-Beatty gold property in northeastern Ontario. The new holes will be drilled to further evaluate previous intersections in the No. 2 or East zone.
The drill program is being managed by Noranda Exploration on behalf of Hemlo Gold Mines (TSE), which is project operator and has a 60% interest in the property.
Preliminary reserves on the Glimmer property are estimated to be 968,190 tonnes grading 11.6 grams gold per tonne (T.N.M., Nov. 2/92). As well, Glimmer is hoping to carry out exploration on its 132-claim property in Barnet Twp. near Kirkland Lake, Ont., and a base metal property near Watson Lake, Yukon. The company says that the Barnet Twp. property has the potential to host both gold mineralization and diamonds.
Be the first to comment on "More drilling for Glimmer property"