Hello Just G:
Found this on the Pentland homepage and thought it might be of interest.
Ed
Pentland Firth Has Encouraging Drilling Results At Montclerg Project Near
Timmins, Ontario
TORONTO, ONTARIO--Pentland Firth Ventures Ltd. (TSE - PFO)
completed an eight hole, 1,644 metre diamond drilling program on
the Montclerg gold project between July 19 and August 6, 1999.
Four of the holes targeted the high grade, CMX Zone, while the
remaining four holes tested the Montclerg Zone, a lower grade,
bulk tonnage zone (408,100 tonnes at 4.5 g/t Au). Although these
results are encouraging, they do not materially increase the known
resource. Pentland holds an option to acquire 100 percent of the
Montclerg property from Prospectors Alliance Corporation (formerly
Montclerg Resources Ltd.), subject to a sliding scale net smelter
returns (NSR) royalty ranging from 1.5 percent to 2.5 percent,
based on the price of gold.
Drill holes PCM-01 through PCM-04 were completed at the CMX Zone,
a target situated on the Pipestone Fault system near the southern
boundary of the property. Mineralization is located along
lithologic contacts separating metamorphosed and sheared
sediments, felsic intrusives and ultramafic volcanic flows.
Assay intervals from each hole carrying more than 1 g/t Au are
tabulated below.
PCM-01 was an angle hole drilled to a depth of 231.0 metres. It
encountered variably altered and tectonically deformed sediments,
intrusives and ultramafic volcanics. Broad intervals of
geochemically significant gold mineralization (greater than 300
ppb Au) were intersected within a swarm of quartz-ankerite veins.
The best assay return was 1.88 g/t Au over 1.0 metres where these
veins carry arsenopyrite.
PCM-02 was an angle hole collared 50 metres to the west of PCM-01,
and encountered a thick sequence of altered metasediments, a long
interval of felsic intrusive, and a wedge of strongly altered
ultramafic volcanics, bottoming in felsic intrusive at 287.0
metres. Again, a wide zone of strongly anomalous gold was
intersected; the best value was 4.39 g/t Au over 0.6 metres.
PCM-03 was collared 50 metres further to the west and was drilled
at an angle to a depth of 200.0 metres. Numerous zones of
arsenopyrite-bearing, quartz-ankerite veining were identified
within all lithologies. The best intersection was 2.17 g/t Au over
2.0 metres.
PCM-04 was drilled 50 metres to the east of PCM-01. The hole
penetrated overburden to 33.0 metres and was terminated in a
diabase dyke at 36.0 metres. No samples were taken for assay.
Drill holes PCM-05 through PCM-08 tested the Montclerg Zone,
comprising sulfidized zones up to 15-20 metres thick within
massive to pillowed, mafic volcanics having silicified flowtops.
Mineralization occurs as fine-grained pyrite and arsenopyrite
disseminations. Sufficient drilling had been completed to allow
the calculation of a resource by previous workers in 1985.
PCM-05 was an angle hole drilled to a depth of 200.0 metres. It
encountered variably altered mafic flows over its entire length.
The best intersection was 1.96 g/t Au over 8.6 metres, including
2.39 g/t Au over 5.8 metres.
PCM-06 was collared 75 metres to the west of the previous drill
hole and cut variably altered and mineralized mafic volcanics over
its entire 233.0 metre length. The most encouraging results came
from a 3.0 metre-thick, sulfidized zone that carried 6.18 g/t Au,
which included a 1.0 metre interval of 13.72 g/t Au.
PCM-07 was located 42 metres east of PCM-06 and was drilled on an
angle to a depth of 200.0 metres. The hole encountered both
altered and unaltered mafic flows and interflow tuff-agglomerates
with several broad sulfidized zones. Intervals with notable
mineralization are listed below.
PCM-08 was collared 125 metres west of PCM-05. It penetrated a
sequence of tuff-agglomerate fragmental rocks and mafic flows. A
zone of well-developed pyrite-arsenopyrite mineralization was
encountered in the bottom 20 metres of the hole. The most notable
mineralized interval carried 2.13 g/t Au over 1.7 metres.
/T/
Table 1. Montclerg Drill Results
(assay intervals greater than 1.0 g/t Au)
CMX Zone: PCM-01 1.88 g/t Au at 131.2 - 132.2 metres
1.36 g/t Au at 153.0 - 154.0 metres
PCM-02 4.39 g/t Au at 71.6 - 72.2 metres
2.81 g/t Au at 248.0 - 249.5 metres
1.17 g/t Au at 280.1 - 281.0 metres
PCM-03 2.17 g/t Au at 35.2 - 37.2 metres
1.78 g/t Au at 40.7 - 42.7 metres
1.79 g/t Au at 46.7 - 51.7 metres
1.02 g/t Au at 63.0 - 66.0 metres
1.51 g/t Au at 165.4 - 167.0 metres
Montclerg Zone: PCM-05 1.96 g/t Au at 118.2 - 126.8 metres
1.40 g/t Au at 146.6 - 149.0 metres
1.13 g/t Au at 153.6 - 154.6 metres
1.93 g/t Au at 189.5 - 192.0 metres
PCM-06 6.18 g/t Au at 42.0 - 45.0 metres
1.41 g/t Au at 218.0 - 220.0 metres
1.30 g/t Au at 224.0 - 225.0 metres
1.50 g/t Au at 227.0 - 228.0 metres
PCM -07 1.45 g/t Au at 103.7 - 105.7 metres
1.21 g/t Au at 107.7 - 108.5 metres
1.99 g/t Au at 132.4 - 134.4 metres
1.65 g/t Au at 156.0 - 158.0 metres
1.90 g/t Au at 176.3 - 177.3 metres
PCM-08 1.20 g/t Au at 240.5 - 242.0 metres
2.13 g/t Au at 243.9 - 245.6 metres
1.40 g/t Au at 251.3 - 252.3 metres
/T/
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FOR FURTHER INFORMATION PLEASE CONTACT:
Pentland Firth Ventures Ltd.
Robert W. Schafer
President and CEO
(416) 365-7883
or
Pentland Firth Ventures Ltd.
Gordon Yule
Exploration Manager
(705) 235-2311 |
