Several properties have been acquired by Glen Auden Resources. In the Swayze area, southwest of Timmins, Ont., the company has acquired a 100% interest in 77 claims. Located in Swayze and Denyes twps., the property is comprised of three claim blocks.
The 6-claim Denyes-Sylvanite group covers a gold occurrence averaging 0.22 oz gold per ton across 8.5 ft. A secondary zone also exists, having been trenched in the 1930s, Glen Auden says. Another 39 claims comprise the Topboot group. In the 1930s, surface sampling yielded a 12.5-ft section assaying 0.31 oz gold per ton, according to government reports.
Neither property has ever been drilled or explored in detail for gold, the company says. The remaining 32 claims form the Saxon Lake group which protects several airborne geophysical conductors.
The company has also entered into a joint venture with two private companies which gives Glen Auden and Goldrock Resources the right to earn a 25% interest each in 73 claims. Located in Raney Twp., approximately 76 miles southwest of Timmins, Ont., the property covers several gold showings associated with quartz porphyry and a carbonate alteration zone.
In the Casa Berardi area, which extends into Ontario from Quebec, Glen Auden and partner Island Canyon Mines have completed a $125,000 program on their Tweed Twp. property. Work completed included geophysical surveys and overburden drilling. Several strong conductors were outlined by the surveys and anomalous gold values, ranging up to 5,500 parts per billion gold, were encountered in six holes. Diamond drilling of the property is expected to start shortly.