Northern Abitibi and Beaufield receive Siscoe drilling results
Northern Abitibi Mining Corp NAI
Shares issued 27,755,028 Mar 29 close $0.125
Tue 30 Mar 99 News Release
Also Beaufield Consolidated Resources Inc (BFD)
Mr. Glen Harper and Mr. Jens Hansen report
Beaufield Consolidated and Northern Abitibi have received drill results
from their Siscoe gold property at Val d'Or, Que. The property consists of
20 claims plus three additional claims recently purchased, totalling 429
hectares. The program is financed and operated by Beaufield, which is
earning a 50 per cent interest in the Siscoe property from Northern
Abitibi.
Four holes were planned, but due to the thickness of old tailings deposited
in the lake from earlier mine operations, only two holes, 99-1 and 99-4,
were completed through the ice of Siscoe Lake. The principal mineralizing
structure of the region is in the K-zone shear, which controls gold
mineralization at the Sullivan, Siscoe and Wesdome deposits. The K-zone
shear crosses the Northern Abitibi-Beaufield property for at least 750
metres.
Hole 99-1 was drilled to test a magnetic anomaly south of the K-zone. It
encountered magnetic komatiites followed by basalt and did not intersect
significant gold values.
Hole 99-4 was drilled to intersect the junction of the K-zone shear and an
intersecting structure 1,300 metres southeast of the Siscoe mine. The hole
was drilled at an angle of -50 degrees, and passed through 94.8 metres (310
feet) of water, overburden and old mine tailings. It intersected highly
sheared talc chlorite schist to 242.92 metres, followed by basalt to a
total depth of 299.31 metres.
Several quartz veins with sulphide mineralization and anomalous gold values
were encountered. The section from 129.43 metres to 130.50 metres had poor
core recovery. This section contains fractured quartz vein material with
sulphide mineralization.
All of the drill core that was recovered from the 1.07 metre interval was
fire assayed several times by Bourlamaque Assay Laboratories Ltd., with a
substantial variance in analytical results which ranged from a low of 4.54
grams per tonne gold to a high of 83.45 grams per tonne gold. The average
from two screened samples was 28.40 g/t gold (0.828 of an ounce per ton).
Management believes that the results of this drilling indicate that
high-grade gold values are present on the Siscoe property.
The available geophysical and geological data on the Siscoe property and on
adjoining properties will be interpreted to maximize the effectiveness of
future drilling. Drilling techniques will be modified to cope with the
thick overburden and mine tailings and to ensure better core recovery
within the shear zone. It is anticipated that further drilling will occur
next winter, although drilling could be advanced if drilling on the Lake
from a barge is found to be cost-effective.
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