Golden opportunity identified. (Around the North).Pele Mountain Resources is poised to embark on a gold exploration project in northwestern Ontario Northwestern Ontario is the region within the Canadian province of Ontario which lies north and west of Lake Superior, and west of Hudson Bay and James Bay. It includes most of subarctic Ontario. . The company, which is also conducting diamond exploration near Wawa, will begin diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral in February on the former Ardeen Gold mine property about 110 kilometres west of Thunder Bay Thunder Bay, city (1991 pop. 113,946), SW Ont., Canada, on Thunder Bay inlet of Lake Superior. The city was created in 1970 by the amalgamation of the twin cities of Fort William and Port Arthur and two adjoining townships. . A drilling project completed in 1998 indicated the property is characterized by high-grade silver and gold mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. . The company estimates the property's rock formations contain an inferred resource of 605,200 tonnes of rock graded at about 13 grams of gold per tonne. |
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