News! LOUNOR DRILLS 7.20 G/T AU OVER 8.21 M AT HARLOUNOR DRILLS 7.20 G/T AU OVER 8.21 M AT HARKER
Listing (TSXV = LO Frankfurt = LE2A)
ROUYN-NORANDA, QC, Oct. 14 /CNW Telbec/ - LOUNOR EXPLORATION INC.reports additional drill results on the Harker Gold Property, located in Harker Twp in the Timmins/Kirkland Lake area (Ontario).
The Harker Gold Property is located 5 km south of the Destor Porcupine Fault Zone (DPFZ) host of many important gold mines in the Timmins - Porcupine Gold Mining Camp (over 70 millions ounces of gold). The Holt McDermot Mine (1.3 million ounces) and the Harker Halloway Mine (1.4 million ounces) are located on the DPFZ about 5 km north -northeast of the property.
The holes completed by Lounor to date have intersected the mineralized zones. The results of the program have proven the gold zone to be over425 metres in strike length and to a vertical depth of 200 metres. It is open to the east, to the west and at depth.
Hole No.
|
From
(m) |
To
(m) |
Interval
(m) |
Gold
(g/t) |
|
|
|
|
|
| Hole No. 83 |
190.27 |
198.48 |
8.21 (26.94 feet) |
7.20 (0.255 oz) |
|
|
|
|
|
To date, the holes drilled have intersected the structure containing the mineralized zones. The continuity of the structure and the gold zones contained herein are an important feature of the mineralization in the Harker area.
The Harker-Hurd Zone is interpreted to be an extensive zone of gold mineralization measuring at least 425 m along strike and 200 m of depth and remains open along strike to the east, the west and at depth. Mineralization, which is plunging to the east, occurs in silicified and albitized mafic volcanic rocks with approximately 5% dissemination pyrite mineralization. Gold mineralization is similar to the neighbouring Holt-McDermott Zone.
The gold mineralization at Harker-Hurd is distributed with a similar pattern to that of the Holt-McDermott gold mine where gold mineralization is found in high grade ore shoots within a broader envelop of lower grade gold mineralization that plunges to the east.
Christian Dupont, P. Eng., is the qualified person responsible of the information contained in this release.
LOUNOR EXPLORATION INC. is a publicly traded company on the TSX-Venture (TSXV-LO) and on the Frankfurt Exchange (LE2A).
https://www.newswire.ca/en/releases/archive/October2010/14/c0920.html