Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Thursday 29th of July 2010
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.

 

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: 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  Copper gains on China news

Latest News  Copper, other metals prices hurt by US consumer confidence

Latest News  Copper prices up on US new home sales data

Latest News  Gold prices lower as US dollar gains on euro

Latest News  Copper gains on Europe manufacturing, US existing home sales data

Latest News  Gold up slightly ahead of Bernanke remarks, stress test results

Latest News  Copper up despite drop in US housing starts

Latest News  Copper gains on demand hopes

Latest News  Copper prices drop on data, demand worries

Latest News  Gold ends slightly higher


Previous: «
Next: »

Visited 744 times, 2 so far today

Gold ($/troy ounce):

Silver ($/troy ounce):

Platinum ($/troy ounce):