Drilling and Exploration Highlights (KXL - Kodiak Explo)
- Gold mineralization previously identified on the surface at the Golden Mile has now been confirmed to extend well over 2000 metres along strike and to depths of at least 450 metres in drill holes and the dimensions of the Golden Mile mineralized zone has increased over 600% since March 2008 and remains open (see Figures one and two below and on web site). Drilling in the eastern portion of the Golden Mile has discovered a very large body of gold mineralization that is open at depth and is currently being drilled to define its full extent,
-- A new high grade zone has been discovered to depths of almost 350 metres in the Golden Mile; highlights from this zone include 16.98 gpt gold (0.495 opt) over 1.3 metres including 63.67 gpt gold (1.857 opt) over 0.3 metres in drill hole HR08-171
This high grade zone has the same northwesterly rake as the central Golden Mile high grade zone and remains open at depth. In fill drilling continues to intercept high grades as well with 9.3 metres grading 14.78 gpt gold (0.431 opt) including 3.3 metres grading 32.22 gpt gold (0.940 opt) in HR08-161,
-- Drilling on the blind Lucky Strike structure, located parallel to the Golden Mile, has discovered a broad zone of gold mineralization totaling up to 41 metres wide (HR08-137, 1.2 gpt gold (0.035 opt)), indicating the strong potential for shallow, bulk-minable gold mineralization at Hercules. The Lucky Strike and Golden Mile structures appear to converge at depth, a common control to high grade mineralization, defining an excellent deep target; deep drilling is ongoing and will test this target in the near future,
-- Early prospecting 3,000 metres northwest of the Golden Mile has discovered a large system of strongly mineralized quartz veining that is on strike with the Golden Mile. This potential extension could more than double the strike length of the Golden Mile to over five kilometres. Assays from recent sampling are pending and advanced follow up exploration is underway.
-- On the WLGZ Gold Zone, drill hole HR08-145 has intercepted 3.3 metres grading 22.26 gpt gold (0.649 opt) including 0.8 metres grading 90.00 gpt gold (2.625 opt) further defining the geometry of this gold mineralized area, additional drilling is planned to define the full extent of this significant zone.
-- Drilling on the parallel Seven of Nine vein system, immediately adjacent to previously announced high grade gold mineralization found in the Marino vein system (HR07-16; 1.6
metres grading 38.47 gpt gold (1.122 opt)), has intercepted significant gold mineralization including 12.85 gpt gold (0.375 opt) over a width of 1.1 metres including 0.3 metres
grading 53.24 gpt gold (1.553 opt; HR08-113). These systems remain open, drilling on the Marino and Seven of Nine veins continues. Initial drilling on the Yellow Brick Road
vein intersected broad mineralized structures at a depth of 250 metres over a width of approximately 10 metres. This system remains open, assays are pending,
Hercules Exploration
Exploration adjacent to the Golden Mile has also accelerated at Hercules. Individual samples from a parallel vein lying between the Golden Mile and the Marino vein system contains up to 37.1 gpt gold (1.082 opt; channel GM-15), outlining an important new target area that is to be followed up with advanced exploration (see Figure four below and on web site). Two kilometres northwest of the Marino and Seven of Nine vein systems, a broad new zone of gold mineralized quartz veined
structure has been identified that appears be the on strike continuation of those vein systems; additional prospecting and stripping are planned.
Stripping, sampling and drilling has also begun southwest of the Golden Mile, exploring multiple parallel geophysically indicated structures in an area where historic sampling produced grab samples with up to 46.22 gpt gold (1.348 opt)Ontario Assessment Report 42E13SE0109 by Douglas Binkley, 1992, p. 19). Drilling in this area has commenced, intersecting several broad altered structures and quartz veining corresponding to the interpreted linear magnetic features, verifying the geophysical interpretation. Assays are pending. In addition, mineralized quartz vein float has been found across the lake and on strike approximately 500 metres northwest of the central Golden Mile (see Figure four below and on web site). This lake currently marks the most northwesterly limit of the drilling to date on the Golden Mile. Drilling on this newly discovered extension is planned to commence in the immediate future. The exploration program will continue to test over 30 km of indicated parallel structures and simultaneously expand the scale and geometry of the extensive Golden Mile vein system and several other confirmed parallel gold bearing veins thus expanding the resource potential of the entire Elmhirst Lake intrusion.
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