The next phase of our work will be to continue testing the target to locate a high-grade ore shoot
in the zone similar to the ones mined at Los Ricos,' stated Brad Langille, President and CEO.
11 RC drillholes were completed with the primary objectives being to test an interpreted parallel mineralised shear and a plunging ore shoot
at the south eastern end of the Forrest Belle Pit.
During the quarter the Wagtail South open pit advanced in line with schedule and reached the top of the main ore shoot
by June 30.
According to the company, each of the drill targets possess surface geochemistry remarkably similar to the original high-grade ore shoot
that, during LKA's ownership, yielded over 141,000 ounces from an area measuring less than 10,000 square feet.
An early company prospectus shows an estimated 65,000 tonnes of ore at an average of 0.5 ounce of gold per tonne, while another projects a shorter ore shoot
with a steeply dipping fault at 55,000 tonnes grading one ounce of gold or better to the tonne, Coutu said.
An additional ore shoot
of potentially similar dimensions containing high grade gold and silver has also been located 250 meters along strike from the primary workings" said Robert Brown, President and CEO of Calibre.
The company vice-president, mining operations, Philip Ng, said, 'These intercepts being reported today continue to better define our high grade 2c ore shoot
at Seabee Deep.
By the end of September, a camp had been built and surface trenching had uncovered an ore shoot
that averaged 10.1 kg/t (296 oz/ton) Ag and 41% Pb across a thickness of approximately 0.5 m, for a length of 120 m.
The Divisadero property hosts the Carolina ore shoot
, where mining prior to 1920, and again for a limited time in the late 1970's, focused on a bonanza vein 100 meters long, averaging 8 meters wide, with reported grades of approximately 18 grams/ton gold and 1080 grams/ton silver.
As part of the EIS funding Alt will extend this drill hole from 307 metre depth down to ~600 metres and drill an additional 600m diamond hole testing ore shoot
potential at Bottle Creek.