Work Completed During 2017
- 25 new trenches completed on IP targets
- 58 total new drill holes completed for 10,150 m
- Includes 32 new holes within the Main Zone – twinned, in-fill and step-out holes
- Includes 26 new holes on IP and geological targets
- Re-sampled entire core from 3 historic holes within Main Zone
- Re-sampled entire core from 8 historic holes within East Zone
- Assays from Phase 2 are expected in early 2018
Advancing Multiple New Target Areas
East Zone Showing Channel Sampling
Trench 29 Showing New Alteration Zone
A History of Strong Results
Exploration in the area dates back to 1950 when known gold-bearing quartz veins were first drilled by Teck Corp. In 1989 Inmet Mining Inc. (“Minnova” at the time) intersected significant gold in drilling (5.40 g/t gold over 6.40 metres from 62.00 to 68.40 metres downhole in hole DO-05), representing the first drill hole into the Main Zone. In 1993 drill hole DB-70 intersected 24.97 g/t gold over 1.50 metres from 344.85 to 346.35 metres and represented the first intersection into the South Zone.
Drilling continued by Geonova Explorations Inc., (“Geonova”) (which acquired the property from Minnova) ultimately outlining a deposit at the Main Zone from surface to an approximate depth of 400 metres and a strike length of 800 metres.
Starting in 2007, owners Tawsho completed extensive work programs including a 2,792 kilometre aeromagnetic survey, a ground EM Time Domain survey, 24 diamond drill holes, an independent NI 43-101 resource estimate (by Met-Chem Canada Inc.), and a 5,000 tonne bulk sample for which a scoping study on mining and processing was completed.
There is an estimated 87,000 metres of drilling completed on the property. To date approximately 100 drill holes have intersected the Chevrier Gold mineralization over what appears to be a continuous strike length of 2.7 kilometres. Seventy percent of these holes were less than 400 metres deep, and yet 12 of 16 deep holes intersected significant gold.
Significant gold intersections have also been drilled off the main trend and remain open for future exploration.