The phase 2 drill program is expected to run for about two weeks and assay results will be released thereafter.
HIGHLIGHTS
The phase 1 drill program returned 314 g/t gold over 1.74 m (uncut) including a higher grade section which assayed 1810 g/t gold over 0.3 m in hole JS2004; as well as a broader gold intercept of 2.5 g/t gold over 26 m (including 9.39 g/t gold over 3m) in hole JS2005 (Reference Press Release
The phase 2 drill program is designed to further test these results as well as test additional priority targets.
Following further analysis of the successful phase
The priority targets to be tested in the phase 2 program are as follows: Further evaluation of the strike extension of the northwesterly trending No.6 Vein system. Hole JS2004 returned 2.50 g/t gold over 26 m (including 9.39 g/t gold over 3 m) and hole JS2005 assayed 314 g/t gold over 1.74 m (uncut) in the spring 2020 drill program.
Drill testing of the intersection of the No.6 Vein and No.1 Vein for a potential mineralized chute. Historical drifting and sampling on the 250 level of the former mine demonstrated that the No.1 Vein averaged 0.2 oz/ton gold over a width of 3 feet for a strike length of 180 feet. A surface bulk sample of 21.7 tons grading 0.456 oz/ton gold was extracted from a trench on the No.1 Vein.
Very limited drilling is known to have been conducted on the No.1 Vein despite extremely encouraging sampling results as documented above. A hole is planned to confirm values on the higher grade portion of the No.1 Vein documented in the historical mine level plans.
Historical mine plans on the 250 level have shown two other north northwesterly trending structures in a very similar orientation to the No.6 Vein. These structures have been designated as the Central Target and the Shea Vein. Mine plans and historical reports have documented significant gold mineralization associated with these structures. A historical hole on the Shea Vein returned 0.41 oz/ton gold over 3 feet. Drilling will be conducted on the two targets to test for both potential high grade mineralization as well as broad mineralized wall rock intercepts similar to that found on the No. 6 Vein.
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