The company says the objective of its recently-completed program was to locate, through overburden, the Munro deformation zone. The regional structure hosts the Jonpol Explorations discovery which has reported reserves of 1.3 million tons at 0.23 oz gold located some 5 km east of the company’s claims.
The company said its north- south fence of holes intersected the Munro zone and returned anomalous, but sub-economic levels of gold. Three of the holes, spaced at about 250 ft intervals along trend, intersected a central zon e up to 50 ft thick of silicification and of sericite and carbonate alteration which the company said was “comparable to that occurring on the Jonpol discovery.”
Pacific Minesearch can acquire a 100% interest in the Michaud project.
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