Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Friday 10th of February 2012
Wednesday, March 19, 2008

Normabec provides drilling result from Pitt Gold

Normabec provides drilling result from Pitt Gold

Normabec Mining Resources Limited announce additional results from its on-going winter drilling program on the Pitt Gold property, located along the Porcupine-Destor Break, some 35 km north of Rouyn-Noranda, in the Abitibi region of Quebec.

Normabec previously released impressive results from its first two first holes of the season.

Hole PG2008-01 is located 100 metres to the east of the previously released PG2007-07 (February 2008, 35.18 g/t Au over 5.0 meters). The mineralized intervals between 426 and 477 metres correspond to the expected location of Zone 1 while the 11.11 g/t Au between 570.9 and 572.7 corresponds with mineralization encountered in Zone 2. Of significance, it is the first time that such a long, continuously mineralized interval (34 meters) has been reported from Pitt Gold project. It is hosted by weakly mineralized and moderately silicified and sericitized felsic units (sub-volcanic QFP intrusions and related rhyolitic extrusive rocks) exhibiting 1-5% disseminated pyrite. This mineralization is open up dip and will be drill tested in the coming weeks.

Drilling is ongoing with one drill rig, having now completed approximately 4,500 meters during this phase. Five holes have been completed and one is in progress. Results have now been received and reported for the first three holes. Drilling is performed on a semi-systematic 50 X 50 meter grid in order to properly define zones 1 and 2 and other gold bearing structures identified in previous drilling programs.

 


Related posts to: Normabec provides drilling result from Pitt Gold

Tombstone Exploration provides drilling results ...

Firstgold Corp. updates Pit area drilling ...

Osisko provides drilling results ...

Lihir on track for 2007 target ...

Titan commences drilling on Sand Hill Lake/Rook II project ...

Latest Metals News:

Latest News  Gold ends session lower in New York, but gains on week

Latest News  Gold prices retreat after setting new intraday high

Latest News  Gold closes at $1,666 per ounce in New York trade

Latest News  Gold prices at new records on disappointing US data

Latest News  Gold prices lower but comes off session lows on manufacturing data

Latest News  Gold sets new intraday, closing highs to end trading week in New York

Latest News  Copper rises; precious metals prices see declines

Latest News  Gold prices drop on profit-taking, stronger US dollar

Latest News  $1,616.80 per troy ounce: Another record high for gold

Latest News  Gold trades as high as $1,624.30 per ounce in New York


Previous: «
Next: »

Visited 921 times, 1 so far today

Gold ($/troy ounce):

Silver ($/troy ounce):

Platinum ($/troy ounce):