MINING & EXPLORATION INVESTMENTS PROJECTS
MAS GOLD CORP: POINT DEPOSIT WINTER DRILL PROGRAM UNDERWAY
POINT DEPOSIT - WINTER DRILL PROGRAM 2019
In January 2019 MAS Gold has collared the first core drill hole of a winter exploration program at the Point gold prospect on the Preview Lake property located about 60 kilometers northeast of La Ronge, Saskatchewan.
What are the specifics of the whole drill program?
Planned exploration at the Point gold prospect includes thirteen holes totaling approximately 3,190 metres of core drilling. An additional eleven core holes totaling 1,545 metres are planned for the North Lake property.
What is a purpose of the drill program?
The current drill program at Point Deposit is designed to provide confirmation of historic drill results, infill and step-out drill intercepts, and core for metallurgical testing. The Point and North Lake prospects were the subject of focused delineation drill programs completed in the 1980’s by SMDC and Radcliffe Resources Ltd., respectively.
To begin with, MAS Gold intends to twin historic hole RM86-21, drilled by Saskatchewan Mining and Development Corporation (“SMDC”) in 1986 at azimuth 087o and dip -45o, that intercepted multiple zones of gold-mineralized sheared quartz veins within a carbonate-altered, tuffaceous volcanic host rock.
What were those historic drill results?
In RM86-21, a 10.65 metre intercept (from 51.6 metres to 62.25 metres) averaged 8.32 grams gold per tonne (g/t). This intercept included 8.54 g/t gold averaged over 2.0 metres (from 53.90 metres) and hosted visible gold in the last 0.5 metres (from 62.5 metres) that assayed 117.07 g/t gold. With gold assays cut to a maximum of 34.28 g/t (1.0 ounce per ton), the full 10.65 metre interval averaged 4.56 g/t gold.