More encouraging assays have been received by Spirit Lake Explorations (ME) from a winter drilling program at the company’s Edwards gold property northeast of Wawa, Ont.
The results, the company says, demonstrate further continuity in the porphyry and carbonate mineralized zones, and indicate high-grade material in the relatively untested New North zone.
The program was designed to fill in previous “gaps” and test the depth (600-1,000 ft. vertically) extensions of previously defined zones, the company says. Results from eight of nine holes (four new holes and five extensions of old holes) were released.
Intersecting the New North zone were hole 156, which cut 7 ft. grading 2.59 oz. gold per ton, and hole 83E, which cut 4 ft. of 0.49 oz.
Intersecting the carbonate zone were hole 156, which cut 3 ft. of 0.84 oz., 3.5 ft. 0.75 oz. and 9 ft. of 0.16 oz., and hole 157, which cut 4 ft. of 0.89 oz. and 2 ft. of 3.68 oz.
Hole 157 also intersected the porphyry zone, cutting 5 ft. of 0.64 oz. Planned is the deepening of two more holes, the drilling of two or three more fill-in holes and at least two more holes in the New North zone.
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