After a one month delay, Inco Gold, a unit of Inco (TSE), has resumed its underground exploration and bulk sampling program at the Cochenour Willans mine site near Red Lake, Ont. The $4.6 million program, designed to confirm reserves of 1.25 million tons grading 0.25 oz. gold per ton, was interrupted last month by the failure of a hoist motor.
Inco Gold has a 50% stake in the project. The other half is split between Wilanour Resources (TSE) with 30%, Pronto Explorations (TSE) with 12.5% and Pronto President Robert Fasken with 7.5%.
As of Aug. 30, Inco had extracted 56 drift rounds from the 1,800 and 2,200-foot levels. The test mining, which is proceeding at a rate of four drift rounds per day, consists of crosscutting and drifting to reach four bulk sampling sites.
Pronto reports that underground channel sampling and tower sampling of the drift rounds has confirmed the grades of mineralized zones intersected in boreholes drilled either by the former operator, or by Inco Gold.
The detailed sampling, which will progress to the 1,600 ft. and 2,500 ft. levels next, is deemed necessary because of the nugget- like nature of the gold mineralization at the old mine. Inco expects to complete the program by the end of October.
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