by Greg Klein | September 27, 2016
A brief drill program of three shallow holes confirmed significant gold mineralization on the Rollo project in northern Ontario, Kapuskasing Gold TSXV:KAP announced September 27. The 150-metre summer campaign tested continuity of the property’s Racicot gold showing. The previous summer’s channel sampling found results up to 8.82 g/t gold over 0.6 metres. Grab samples assayed 1 g/t, 1.89 g/t and 11.41 g/t gold.
Some highlights from the most recent program show:
- 3.24 g/t gold over 0.7 metres, starting at 8.5 metres in downhole depth
- 2.32 g/t over 0.5 metres, starting at 10.6 metres
- 3.3 g/t over 0.9 metres, starting at 8.2 metres
- 4.68 g/t over 1.6 metres, starting at 14 metres
- (including 8.05 g/t over 0.8 metres)
True widths were unavailable.
Results support an interpretation that associates mineralization with a red syenite dyke that strikes approximately 100 degrees, the company stated
Located along a projected extension of the Destor-Porcupine fault zone, Rollo sits between IAMGOLD’s (TSX:IMG) Cote Lake gold deposit and Goldcorp’s (TSX:G) Borden gold project. Last week Richmond Minerals TSXV:RMD announced results from its Ridley Lake property about three kilometres southwest of Rollo, hitting up to 1.26 g/t gold over 33 metres, including 4.11 g/t over 7 metres.
Future plans for Kapuskasing include additional drilling and ground geophysics. The company intends to resume work this autumn.
A 10-hole, 1,000-metre program at Kapuskasing’s West Keefer property found no significant gold but did identify lithologies favourable for hosting mineralization, the company added.
Kapuskasing holds seven gold properties along extensions of the Destor-Porcupine structure or the Borden gold project. The company closed a $246,600 private placement in July.