The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Friday, 23rd November 2007 (2641 views)

An ongoing drilling programme, designed to validate gold grades on three blocks of the Rouyn mining property in Quebec, Canada, has intersected an 8.5-metre section of mineralisation with an average grade of 10.99 grams of gold per tonne.

Further updates to the programme include the discovery of "abundant visible gold" in many of the 38 drill holes completed on the site this year.

According to Yorbeau Resources, which is carrying out the drilling operation, the success rate thus far has been "very encouraging", with the potential for more progress to be made during drilling next year.

"A drilling exploration campaign consisting of 10,000 metres will continue in 2008 to target new gold structures and to demonstrate continuity laterally and at depth of the mineralised zones," said the company's president and chief executive officer Dr Thomas L Robyn.

The Rouyn mining property is situated within a 12-kilometre stretch of the Cadillac-Larder Lake Break in Canada's Abitibi Greenstone Belt.

Prospectors have searched the site for gold since the 1920s.

 

« Back to Gold News stories