Printer Friendly

Drilling program started in Fort Frances area.

Drilling program started in Fort Frances area

A Vancouver-based company was scheduled to begin a diamond-drilling program on a number of claims east of Fort Frances.

Seine River Resources Inc. recently completed a power-stripping - the clearing away of overburden materials - and chip-sampling program on 35 claims on a pair of properties in Mine Centre.

In a telephone interview from his Vancouver office, Nick Nicolaas, executive vice-president and chief financial officer for the company, said the program demonstrated that the property has an excellent potential for gold-bearing structures.

"The program has opened up a larger area for drilling and it's identified more drill targets for us," Nicolaas said. "We drilled and blasted more than 300 holes at the site."

He noted that the stripping and chip-sampling program located three target sites in addition to the two sites identified during a 1987 exploration program. The earlier program reported a chip sampling grade of .5 ounces of gold per ton of ore.

Nicolaas said company geologists have reported grades ranging between .012 and .013 ounces per ton from the recent chip-sampling program.

The drilling program is expected to be completed before the end of October. Nicolaas said company officials will examine the findings and decide on their next move. The decision could be made before the end of the year.

"This company moves fairly quickly," he said.

Seine River's recent findings on the property are just part of the site's long history of gold exploration.

Gold-bearing quartz structures were originally located at Mine Centre properties by Ontario government geologists in 1929. The veins recorded an average grade of .2 ounces per ton at the time. Archie Bell, former general manager for Noranda Explorations and founder of Seine River, was a member of the 1929 survey crew which made the finding.

The findings were subsequently borne out in 1937 when x-ray holes showed gold intersections as high as 2.06 ounces over 17 feet.
COPYRIGHT 1990 Laurentian Business Publishing, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1990, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Mining
Publication:Northern Ontario Business
Date:Sep 1, 1990
Previous Article:TIPS diversifies an equity investment with limited funds.
Next Article:Consultants say North Bay is competitive.

Related Articles
Slump in exploration activity in Sioux Lookout.
Geological surveys reveal gold and copper potential in northwest.
Entrepreneur possesses 'pioneering instinct.' (Vic Prokopchuk) (Northern Achievement)
Business retention part of plan.
Fort Frances reinventing itself. (Fort Frances Celebrates 100 Years).
From fur trading to forestry: Fort Frances makes its mark as gateway in 1800s. (Fort Frances).
Northern numbers.
'Everyone is excited' about new discovery: metalCORP is exploring 25 kilometres from Fort Frances.
Past-future gold camps spur exploration.
Top junior mining companies.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters