EXPM:GTARF - Post by User
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Bakashion Aug 09, 2016 7:57pm
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RE:Here Are A Few Numbers For You
RE:Here Are A Few Numbers For YouMore recent exploration on the Northshore Property has identified at least six zones of gold mineralization and several high grade gold vein occurrences. These zones and occurrences share geological similarities to the deposits of the world class Kirkland Lake and Timmins gold camps in northeastern Ontario. One of these zones, the “Afric Zone”, was explored by Noranda Explorations / Hemlo Gold Mines, and Cyprus Canada in the 1990’s. Some of the results of Noranda drilling on the “Afric Zone” include 3.5 g/t gold over 42.4 metres (hole NR-8), 2.4 g/t gold over 11.6 metres (NR-9) and 1.3 g/t gold over 64.0 metres (NR-11). Based on the drilling conducted on the Afric Zone, Noranda Exploration / Hemlo Gold Mines, in 1992, calculated a “preliminary reserve”* for the Afric Zone of 2 million tonnes with an average grade of 2.2 grams per tonne, for approximately 135,000 ounces of contained gold (*note: the term “preliminary reserve” which was used by Noranda / Hemlo Gold in their 1992 reports is not a currently approved CIM term). The gold mineralization in Noranda’s resource estimate for the Afric Zone is near surface, occurring from surface to a depth of only 150 metres vertical.