Monday 26th August 2019

Resource Clips

Saskatchewan’s core values

La Ronge Gold hopes high grades will propel it into production

by Greg Klein

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According to the company, it’s “the best gold grade drilled to date” in northeastern Saskatchewan’s La Ronge gold camp. Expansion drilling by the eponymous La Ronge Gold TSXV:LAR on its Preview property hit an exceptional intercept shown by assays released on March 4:

La Ronge Gold hopes high grades will propel it into production

More drill results are pending from La Ronge Gold’s Preview property.

  • 633.61 grams per tonne gold over 4.08 metres
  • (including 1,123.25 g/t over 2.3 metres)
  • (which includes 5.14 g/t over 0.77 metres)
  • (and includes 13.03 over 0.9 metres)
  • (and includes 4,279 g/t over 0.6 metres).

True widths weren’t provided. No topcut was applied. The intercept began at a down-hole depth of 203.78 metres.

The hole was one of 20 drilled so far to test for northeast and southwest extensions of the Preview SW deposit, as well as near-surface potential within the deposit. Preview SW has a December 2012 resource estimate which uses a 0.5 g/t cutoff to show:

  • an indicated category of 1.96 million tonnes averaging 2.12 g/t gold for 138,100 gold ounces
  • an inferred category of 3.71 million tonnes averaging 2.09 g/t for 257,300 ounces.

Contained within 400 metres of strike and to a depth of 200 metres, the resource shows open pit potential, La Ronge stated, adding that the deposit remains open in all directions.

Assays from five other northeast and southwest expansion holes released February 26 show:

  • 2.57 g/t gold over 6.25 metres
  • (including 4.98 g/t over 2.99 metres)
  • 4.03 g/t over 2.27 metres
  • 3.28 g/t over 5.24 metres
  • 1.71 g/t over 6.95 metres
  • (including 2.4 g/t over 5.26 metres)
  • 8.06 g/t over 1.15 metres
  • 5.76 g/t over 12.59 metres
  • (including 12.35 g/t over 4.24 metres).

Again, true widths weren’t provided. The top-most intercept started at 77 metres while the deepest stopped at 177 metres down hole.

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