Kodiak reports high-grade gold find.Kodiak Exploration has intersected high-grade 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. on its Knucklethumb Property 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 Vancouver junior exploration company reports its initial phase 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 has yielded a high-grade zone traced to a vertical depth of 125 metres and 50 metres west of its main surface showing. The company says the vein system in its Claim Line Gold Zone remains open at depth and along strike at depth. Their wholly owned Knucklethumb Lake Property lies 210 kilometres northeast 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. . One drill hole returned an assay of 39.09 grams/tonne gold, which the company believes comes from a vein estimated at about 120 grams/tonne of gold. Their ongoing drill program on the property is testing several different showings to assess economic potential, and will establish further drilling priorities. |
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