Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Sunday 07th of September 2008
Friday, February 15, 2008

Harvest to commence drill program

Story link: Harvest to commence drill program
by Jo Black
Harvest to commence drill program

Harvest Gold Corporation announces that a diamond drilling program will commence this week on the Lesavage North Property, in the Rice Lake Gold Belt, located approximately 20 km east of the mining community of Bissett, Manitoba.

The program will consist of 1200m to 2000m of diamond drill testing of targets in three areas of the property. Drilling will re-examine the gold mineralization discovered in 2005 at the Red Hill Zone and investigate the structural controls to gold mineralization at the Red Hill Zone. Several gold intercepts were made in 2005 at Red Hill, including 7.5 g/t over 2 metres in hole L-05-01 and several other intervals as high as 3.4 g/t gold in adjacent holes.

The program will also test a new zone identified during the second drill program in the summer of 2006, that is closely associated with a zone of deformation and banded iron formation approximately 300 m southeast of Red Hill. This iron formation was also intersected in holes drilled below and at the west end of the Red Hill Zone, where it contained up to 1 g/t Au.

There is a regional shear zone present in a large swamp south of Red Hill. It contains an extensive zone of strong resistivity and underlies the swamp where the property vendor and the Company have identified strong geochemical gold anomalies. Gold drill targets, which are only accessible in winter when the swamp is frozen, are included in this program.

VP Exploration, Dr. George Gale states, our upcoming drilling will test ideas we have developed over the past 3 years about the geological controls to gold mineralization in the area. The geological setting at Rice Lake makes the area prospective for classic Archean aged, lode gold systems such as those mined across the provincial border at Red Lake, Ontario.

The gold discovered at Red Hill is associated with very fine-grained pyrite and arsenopyrite within a zone of ankerite (iron-magnesium carbonate) and silica alteration, which is a common type of alteration found in association with many gold deposits. Other occurrences of the same type of alteration are located in a large fold structure and the regional shear zone that runs the entire length of the property.

 

Add to Bookmarks:

ADD TO NETSCAPE     ADD TO DEL.ICIO.US     ADD TO DIGG     ADD TO FURL

ADD TO STUMBLEUPON     ADD TO YAHOO MYWEB     ADD TO GOOGLE     ADD TO SPURL


Related posts to: Harvest to commence drill program

Tombstone Exploration to commence drill program ...

Harvest Gold to complete drilling at Lesavage North property ...

Probe terminates discussions with Noront ...

Miranda Gold provides exploration update ...

Vena commences underground development at Pucara project ...

Latest Metals News:

Latest News  Copper losses pull other metals prices lower

Latest News  Xstrata increases stake in Indophil

Latest News  BHP fatality closes Australian iron ore mines

Latest News  Palladium gains as other precious metals see declines

Latest News  EU halts investigations into BHP’s bid for Rio

Latest News  Aluminium falls amid gains for other base metals

Latest News  Lomin rejects Xstrata bid but leaves door ajar

Latest News  Metals drop with crude oil prices

Latest News  Antofagasta forges ahead despite rising costs

Latest News  Copper prices lower on jump in inventories


Previous: « Paramount updates San Miguel project
Next: Accident damage to S.A. smelter sends platinum higher »

Visited 767 times, 3 so far today

Gold ($/troy ounce):

Silver ($/troy ounce):

Platinum ($/troy ounce):