Northwestern gold hunt on.
Junior mining companies are continuing their search for gold in the hills of Tower Mountain, 50 kilometres northwest 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. , following a significant gold find during preliminary exploration.
John Scott There are many people who have been called John Scott: Politicians
Approximately five holes were drilled on the property last year showing positive results. At that point ValGold president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Stephen Wilkinson Notable people named Stephen Wilkinson include:
"This is about two-thirds of an ounce or so," Scott adds.
Wilkinson took a step back and analyzed the ground findings. Again scientists went back boring five more holes and came up with new information on the orientation of the minerals.
Recent showings from channel sampling in the 'u' zone area reveal 1,6052 parts-per-billion gold over 14.1 metres, Scott says.
"This would be approximately point one or so ounces per tonne," Scott explains. "They had grab samples up to 3.17 ounces per tonne."
Wilkinson says they "established a pretty strong geological trend across the ground. For about eight kiometres there is a whole series of these gold occurrences in the volcanic rock."
Wilkinson is encouraged by the findings.
"The holes confirm a trend that gold is localized in the ore and with the experts working, we will find a gold deposit," Wilkinson adds.
He says the mineralization Mineralization
The process by which the body uses minerals to build bone structure.
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n the bioprecipitation of an inorganic substance. style is "really kind of interesting because it identifies a very large envelope called the anomalous gold, something greater than 100 to 150 parts per billion."
Within that envelope he says scientists have found an even higher-grade area. Sampling in the halo area indicates 108 grams per tonne.
Experts have barely scratched the surface of the 2,200 metres, of which ValGold owns six individual properties on the Tower Mountain project.
The rock in the Conmee area is the same kind of volcanic rock found in Timmins, Kirkland Lake Kirkland Lake, mining town, E Ont., Canada. An important gold-mining center, gold was discovered there in 1911 and again in the 1980s at Harker. The mining of iron ore and tourism are two other important industries. and Quebec where 60 million ounces of gold have been found, Wilkinson says.
Other areas close to Thunder Bay are also proving to be worthy considerations. In an area called Smoke Lake in the ShreiberHemlo Greenstone Belt Greenstone belts are zones of variably metamorphosed mafic to ultramafic volcanic sequences with associated sedimentary rocks that occur within Archaean and Proterozoic cratons between granite and gneiss bodies. of northwestern Ontario, a consortium of mining companies has made gold discoveries. Seven new showings yielded some positive results with grab samples up to 846.5 grams per tonne gold.
"They have a channel sample that they cut in the outcrop that ran 33 grams per tonne over 1.85 metres," Scott says.
Exploration between Marathon and Thunder Bay, and south of Shabequa in the Wedge property is also being conducted by RJK RJK Rijeka, Croatia (Airport Code)
RJK Rajajääkärikomppania (Finnish) Resources. Several mining companies, as well as Lakehead University and the federal and provincial government are also pooling their resources to obtain a better understanding of the geology of Nipigon basin. The region is said to have a great potential for copper, palladium, nickel and platinum minerals, similar to that found in the Norilsk Nickel deposits in Russia, says Scott.