President John Pollack says a drill hole was put down on an overburden anomaly in the centre of the large property. Results of the hole assayed 0.17 oz gold per ton over 22.3 ft. including 0.26 oz over 13.1 ft. Within the 13.1 ft intersection was 9.8 ft averaging 0.33 oz.
Pollack says the intersections are approximately true width and came between a depth of 180 and 200 ft. The company plans to drill another hole under the discovery hole as well as one 100 ft east of it and another 100 ft west.
“Just call it a wildcat hole,” says Pollack. “We’d done a lot of drilling to the south and were just on the way out when we decided to stick a hole on this overburden anomaly. That’s the way things happen in this business.”
T&H, which is 18% owned by Jonpol Exploration (TSE), has drilled about 60 holes on the property. It can earn a 50% interest from Northway by spending $750,000.
Pollack says the property is on an extension of the Douay Fault and this hole was drilled on the contact of volcanic and sedimentary rocks.
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