Northwestern gold hunt on.
Author | Louiseize, Kelly |
Position | ValGold Resources Inc. and Tower Mountain project |
Junior mining companies are continuing their search for gold in the hills of Tower Mountain, 50 kilometres northwest of Thunder Bay, following a significant gold find during preliminary exploration.
John Scott, district geologist for Thunder Bay south district, says ValGold Resources Inc. is working in Conmee Township where up to 28 grams of gold per tonne has been found through stripping, grab samples and diamond drilling.
Approximately five holes were drilled on the property last year showing positive results. At that point ValGold president and CEO Stephen Wilkinson was searching for geological information and new zones. Findings indicated 3.28 grams of gold per tonne over 12 metres, and within the same intersection an area a metre-and-a-half wide exhibited 23.17 grams per tonne.
"This is about two-thirds of an ounce or so," Scott adds.
Wilkinson took a step back and analyzed the ground findings. Again scientists went back boring five more holes and came up with new information on the orientation of the minerals.
Recent showings from channel sampling in the 'u' zone area reveal 1,6052 parts-per-billion gold over 14.1 metres, Scott says.
"This would be approximately point one or so ounces per tonne," Scott explains. "They had grab samples up to 3.17 ounces per tonne."
Wilkinson says they "established a pretty strong geological trend across the ground. For about eight kiometres there is a whole series of these gold occurrences in the volcanic rock."
Wilkinson is encouraged by the findings.
"The holes confirm a trend that gold is localized in the ore and with the experts working, we will find a gold deposit," Wilkinson adds.
He says the mineralization style is "really kind of interesting because it identifies a very large envelope called the anomalous gold, something greater than 100 to 150 parts per billion."
Within that envelope...
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